On the night of 25.07.2018 cryptocurrency Bitcoin BTC / USD is trading at the level of 8410.
Quotes for BTC/USD are above the cloud of Ichimoku Kinko Hyo. This location relative to the cloud means an upward trend in cryptocurrency. However, the fact that the Bitcoin exchange rate is growing – can be seen with the naked eye.
Signal lines of Ichimoku also show an upward trend. The red fast signal line crossed the blue slow line from the bottom up 10 days ago, at the level of 6230.
The support levels for the bitcoin BTC/USD cryptocurrency rate are 8050 (red signal line of the indicator) and 7850 (blue slow line of the indicator).
The nearest resistance level is 8500. Further, in case of breakout of this level will open the way to 9000.
We expect the upward trend in Bitcoin to continue. However, for a full-fledged growth, a rollback is necessary.
Thus, bitcoin’s BTC / USD forecast for July 25 suggests a drop in the Bitcoin rate in the area of support levels. The cancellation of the forecast will be the continuation of the growth of the Bitcoin rate and consolidation above 8500.