Bitcoin BTC/USD is trading at the level of 2234.40. Cryptocurrency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 2270.00, from which one should expect an attempt to fall and further develop the bearish trend for BTC/USD with a view to lower near the level of 2010.00.
Bitcoin BTC/USD prediction & analysis on July 19, 2017
Earlier, a weak signal was received for buying of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 2093.00. An additional signal in favor of a bearish trend will be a resistance area test. 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 quotations above the area of 2330.00, 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 stands with the breakdown of the local minimum area at the level of 2070.00.
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