Bitcoin BTC/USD prediction & analysis on July 11, 2017


Bitcoin BTC/USD is trading at the level of 2432.60. The Crypto currency is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in Bitcoin. Bitcoin is expected to rise to the level of 2500.00, from which it is expected to try to fall and further develop the bearish trend for BTC/USD with a target to lower near the level of 2300.00.

Bitcoin BTC/USD prediction & analysis on July 11, 2017

Bitcoin BTC/USD prediction & analysis on July 11, 2017

Earlier, a weak signal was received for the sale of Bitcoin cryptocurrency, due to the crossing of signal lines at the level of 2549.00. Canceling the variant of Bitcoin quotations drop will be a breakdown of the upper boundary of Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of ​​2570.00, which will indicate the change of the bearish trend in favor of the bullish trend. To expect the acceleration of falling quotations on BTC/USD is with the breakdown of the local minimum area at the level of 2350.00.


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