Bitcoin BTC/USD is trading at the level of 2732.62. The Crypto currency continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. The price of BTC/USD is expected to drop to the level of 2590.00, from which one should expect an attempt of growth and further development of the bullish trend for BTC/USD with a target to growth near the level of 2990.00.
Bitcoin BTC/USD prediction & analysis on July 22, 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 the bullish 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 2270.00, 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 2910.00.
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