Bitcoin forecast & analysis BTC/USD July 17, 2018


Bitcoin BTC/USD is trading at 6605. 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 6450, from which one should expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a target at 7050 level.

Bitcoin forecast & analysis BTC/USD July 17, 2018

In support of the growth of the BTC/USD cryptocurrency quotes, a support level test will perform, as well as a test of the upper boundary of the channel. Earlier, a weak signal was received for buy of Bitcoin’s cryptocurrency, due to the crossing of signal lines at 6250 level.

Bitcoin forecast & analysis BTC/USD July 17, 2018

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 ​​6150, 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 6900.


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