Bitcoin forecast for July 19, 2018

On the night 19.07.2018 quotes Bitcoin traded at 7330.

This week, the Bitcoin exchange rate showed an impressive growth, almost 20%. And it’s only three days. Let’s see What the bitcoin exchange rate forecast for today July 19.

We see That bitcoin quotes are above the Ichimoku Kinko Hyo cloud, which indicates an upward trend in the cryptocurrency. Signal lines of the indicator also show a single growth. The red fast signal line crossed the blue slow line from the bottom up 4 days ago, at 6250.

Bitcoin forecast for July 19, 2018

The support levels are 7100 (Ichimoku red signal line) and 6850 (blue signal line). It is also worth paying attention to the previously broken up channel. Bitcoin exchange rate will return to test the upper limit of the channel.

The nearest resistance level is 7777.

Thus, the BTC/USD forecast the Bitcoin exchange rate on 19 July suggests a near-term pullback to the support area, the rebound and the growth rate of Bitcoin above 7777.