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 test area of the Ichimoku Kinko Hyo signal lines near the level of 6400 is expected, from which we should expect a rebound and an attempt to continue the growth of the cryptocurrency with a target at the level of 7050.
Bitcoin forecast & analysis BTC/USD July 3, 2018
In favor of the growth of quotations of cryptocurrency, the upper bound of the bearish channel will perform. Earlier, a weak signal was received for buy of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 6000.
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 5900, which will indicate a change in the bullish trend in favor of a bearish trend and the continued decline in the Bitcoin rate. To expect confirmation of the growth of quotations BTC/USD stands with the breakdown of the resistance area and the closing above the level of 6750.
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