Bitcoin forecast & analysis BTC/USD July 24, 2018


Bitcoin BTC/USD is traded at the level of 7679. The cryptocurrency is traded 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 7450 level is expected, from which we should expect a rebound and an attempt to continue the growth of Bitcoin cryptocurrency with a target at 8100.

Bitcoin forecast & analysis BTC/USD July 24, 2018

In favor of the growth of the cryptocurrency BTC/USD, the support area test will perform, as well as the test of the lower border of the channel. Earlier, a strong signal was received for buy of Bitcoin cryptocurrency, due to the crossing of signal lines at 7400 level.

Bitcoin forecast & analysis BTC/USD July 24, 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 quotes below the area of ​​6750, which will indicate a change in the bullish trend in favor of a bearish trend and the continued decline in the Bitcoin rate. Expect to accelerate the growth of quotations BTC/USD is with a breakdown of the resistance area and closing above the level of 7850.


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