BITCOIN BTC/USD is trading at 2339. Currencies are traded below the moving average with a period of 55, indicating a bearish trend for BITCOIN. At the moment, quotes of the pair test the lower border of the bands of the indicator Bollinger Bands. It is expected to test the average border of the indicator near the level of 2450, where again we should expect an attempt to continue the fall and further develop the bearish trend in the BITCOIN cryptocurrency with the target near the level of 2150.
BITCOIN forecast & analysis BTC/USD on July 12, 2017
The conservative area for sales of BITCOIN is located near the upper boundary of the Bollinger Bands indicator bars. The abolition of the option of continuing the fall of the BTC/USD cryptocurrency will be a breakdown of the moving average with a level of 55, as well as the upper boundary of the Bollinger Bands indicator bars and the closing of BITCOIN quotes above the 2600 area, which will indicate a change in the trend in favor of the bullish on BTC/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bars, it is expected to accelerate the fall of the cryptocurrency into the area below the level of 2150.
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