BITCOIN BTС/USD is trading at 2418. Quotes are trading below the moving average with a period of 55, indicating a bearish trend for BITCOIN. At the moment, quotes are testing the lower limit of the indicator. A moving average test is expected near the level of 2480, 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 2200.
BITCOIN forecast & analysis BTC/USD on July 2, 2017
The conservative sales area for BITCOIN is located near the upper boundary of the Bollinger Bands indicator strip at 2600. Canceling the continuation of the fall the BTC/USD will be a breakdown of the moving average region with a level of 55, as well as the upper boundary of the Bollinger Bands indicator bars and the closing of BITCOIN quotations above the area of 2640, indicating a change in the trend and in favor of the bullish BTC/USD. In the event of a breakdown of the lower boundary of the Bollinger Bands indicator bars, it is expected to accelerate the fall of the cryptocurrency into the area below the level of 2200.
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