Bitcoin BTC/USD is trading at the level of 2583.60. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in Bitcoin. Bitcoin is expected to drop near the 2540.00 level, from which it is expected to try to grow and further develop the bullish trend for BTC/USD with a view to rising near the level of 2730.00.
Bitcoin BTC/USD prediction & analysis on July 7, 2017
Earlier, a medium strength signal was received for 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 quotes below the area of 2410.00, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of 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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