Bitcoin BTC/USD is trading at the level of 2359.12. The Ichimoku Cloud of Kinko Hyo broke through the cryptocurrency and began to trade above its upper limit, indicating an bullish trend in Bitcoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 2280.00, from which one should expect an attempt of growth and further development of the bullish trend for BTC/USD with a view to growth near the level of 2550.00.
Bitcoin BTC/USD prediction & analysis on July 20, 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. With the breakdown of the resistance level, it is expected to accelerate the growth of quotations Bitcoin. The cancellation of the variant of Bitcoin quotations growth will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 2090.00, which will indicate a change in the bullish trend in favor of the bearish trend. To expect the acceleration of the growth of quotations on BTC/USD stands with the breakdown of the local maximum area at the level of 2480.00.
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