Bitcoin BTC/USD is trading at 6695. The cryptocurrency is traded above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 6630, from which one should expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a target at 7200 level.
Bitcoin forecast & analysis BTC/USD July 10, 2018
In favor of the growth of the BTC/USD cryptocurrency quotes there will be a test of the lower border of the channel, as well as a test of the support level. Earlier, a strong signal was received for the buy of Bitcoin cryptocurrency, due to the crossing of signal lines at 6600 level.
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 6250, which will indicate a change in the bullish trend in favor of the bearish trend and the continued decline in the Bitcoin rate. Expect the acceleration of the growth of quotations BTC/USD stands with the breakdown of the resistance area and the closing above the level of 6950.
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