Bitcoin BTC/USD is trading at 6677. The cryptocurrency is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. The test area of Ichimoku Kinko Hyo signal lines near the level of 6450 is expected, from which one should expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a target at 7100 level.
Bitcoin forecast & analysis BTC/USD July 5, 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 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 quotes below the area of 6100, which will indicate a change in the bullish trend in favor of a 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.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
