Bitcoin BTC/USD is traded at 2505. The currency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. BTC/USD is expected to drop to the level of 2445.00, from which one should expect an attempt of growth and further development of the bullish trend for BTC/USD with the target of growth near the level of 2750.
Bitcoin BTC/USD prediction & analysis on July 21, 2017
Earlier, a weak signal was received for buying of Bitcoin cryptocurrency due to crossing of signal lines at the level of 2093.00. An additional signal in favor of the upward trend will be a test of the support area. 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 2060.00, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations on BTC/USD is with the breakdown of the local maximum area at 2600.
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