Bitcoin BTC/USD is trading at the level of 2567.16. 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 2530.00, 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 2740.00.
Bitcoin BTC/USD prediction & analysis on July 4, 2017
Earlier, a medium strength signal was obtained for the buying of Bitcoin cryptocurrency, due to the crossing of the signal lines at the level of 2480.00. 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 quotations below the area of 2390.00, 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 the level of 2690.00.
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