BITCOIN BTC/USD is trading at the level of 2540.84. Quotes of the currency are traded above the moving average with a period of 55, indicating a bullish trend for BITCOIN. At the moment, quotes are testing the lower limit of the indicator. BITCOIN is expected to rebound and continue to grow from already current levels, with the target close to the level of 2740. The conservative area for buying of BITCOIN is located near the lower boundary of the Bollinger Bands indicator strip at 2520.
BITCOIN forecast & analysis BTC/USD on July 8, 2017
The abolition of the continuation of the growth of the BTC/USD cryptocurrency will be the breakdown of the moving average region with the level 55, as well as the lower border of the Bollinger Bands indicator bars and the closing of BITCOIN quotes below the area of 2470, which indicates a change in the bearish trend for BTC/USD. In the event of a breakdown of the upper boundary of the Bollinger Bands, it is expected to accelerate the growth of the cryptocurrency. An additional signal in favor of continuing the growth of quotations BTC/USD is the breakdown of the Triangle up.
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