Bitcoin BTC/USD is trading at 6556. 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 Bitcoin cryptocurrency with a target at the level of 7055.
Bitcoin forecast & analysis BTC/USD July 6, 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 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 6750.
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