Bitcoin BTC/USD is trading at 2821. Cryptocurrency continues to trade 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 2675, from which it is expected to try to grow and further develop the bullish trend for BTC/USD for the target of growth near the level of 3150.
Bitcoin BTC/USD prediction & analysis on July 23, 2017
Earlier, a weak signal was received for buying of Bitcoin cryptocurrency due to the crossing of signal lines at 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 Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 2300, which will indicate the change of 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 2950.
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