Bitcoin BTC/USD is trading at 2582. 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 2535, from which it is expected to try to grow and further develop the bullish trend for BTC/USD with a target to rising near the level of 3000. Earlier, a weak signal was received for sales of Bitcoin cryptocurrency, due to crossing of signal lines at 2750 level.
Bitcoin BTC/USD prediction & analysis on July 26, 2017
An additional signal in favor of the bullish trend will be the test of the upper boundary of the Cloud Ichimoku Kinko Hyo. 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 2350, 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 2950.
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