Bitcoin BTC/USD is trading at the level of 2077.60. Cryptocurrency continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a downward trend in Bitcoin. Bitcoin is expected to rise to 2175.00, from which it is expected to try to drop and further develop the bearish trend for BTC/USD with a target to lower near the level of 1770.00.
Bitcoin BTC/USD prediction & analysis on July 18, 2017
Earlier, a weak signal was received for sales of Bitcoin cryptocurrency, due to crossing of signal lines at the level of 2549.00. The cancellation of the variant of Bitcoin quotations drop will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 2290.00, which will indicate the change of the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotes on BTC/USD is with the breakdown of the local minimum area at the level of 1810.00.
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