BITCOIN BTC/USD trading at 2716.08. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for BITCOIN. At the moment, quotes of the pair test the average border of the bands of the indicator Bollinger Bands. A moving average test is expected near the level of 2650.00, where again one should expect an attempt to continue growth and further development of the bullish trend in the BITCOIN cryptocurrency with the target of growth near the level of 2920.
BITCOIN forecast & trading signals on June 24, 2017
The conservative area for buying of BITCOIN is located near the lower boundary of the Bollinger Bands indicator strip at 2592. Canceling the continuation option of the growth of the BTC/USD cryptocurrency will be a breakdown of the moving average region with a level of 55, as well as the lower boundary of the Bollinger Bands indicator bars and the closing of the BITCOIN quotations below the area of 2530, indicating a trend change to bear on the 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 crypto currency in the area below the level of 2920.
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