Bitcoin BTC/USD is traded at the level of 2168. The Crypto currency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Bitcoin is expected to rise to 2295, from which it is expected to try to drop and further develop the bearish trend for BTC/USD with a target to reducing it near the level of 2000.
Bitcoin BTC/USD prediction & analysis on July 17, 2017
Earlier, a weak signal was received for sales of Bitcoin cryptocurrency due to the crossing of signal lines at 2549.00. Canceling the variant of Bitcoin quotations drop will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 2500.00, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations on BTC/USD is with the breakdown of the local minimum area at 2150.
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