BITCOIN BTC/USD is trading at the level of 2575.61. Quotes of the currency 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. A moving average test is expected near the level of 2670.00, where again we should expect an attempt to continue the fall and further develop the bearish trend for the BITCOIN cryptocurrency with the target to the level of 2380.
Bollinger Bands forecast BTC/USD on June 26, 2017
The conservative sales area for BITCOIN is located near the upper boundary of the Bollinger Bands indicator strip at 2800. Canceling the continuation of the fall the BTC/USD will be a breakdown of the moving average area 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 2850, indicating a trend change In favor of a 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 2380.
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