BTC/USD quotes are above the Ichimoku Kinko Hyo cloud, which tells us about the upward trend in Bitcoin. The signal lines of the Ichimoku indicator are also deployed for purchases.
Red quick flashing blue line crossed the slow line upwards yesterday, at around 6616.
It is also impossible not to notice that the movement of the crypto currency takes place within the ascending channel. That is, we have both support and resistance levels.
The support is the signal lines of the Ichimoku indicator, in particular the blue line, at the level of 6630. Then follows the upper boundary of the Ichimoku cloud, at the level of 6560. We expect the week to start with a rollback to the support area.
The nearest resistance level is 6840. This level appeared in the middle of last month. The price bounces off it, so you need to pay close attention to it.
Next, when breaking through 6840, we will look at the upper limit of the ascending channel. That’s about 7000-7100.
Thus, the BTC / USD forecast of the Bitcoin exchange rate for July 9 suggests a rollback to the support area, with a subsequent reversal and continuation of the upward movement in the crypto currency