BITCOIN BTC/USD is trading at 2568.25. Quotes of the currency are traded above the moving average with a period of 55, which indicates a change in the trend in favor of the bullish trend for BITCOIN. At the moment, quotes are testing the upper limit of the indicator. A moving average test is expected near the level of 2500, from which we again expect an attempt to continue the growth and further development of the bullish trend in the BITCOIN cryptocurrency with the target near the level of 2750.
BITCOIN BTC/USD forecast and analysis on July 4, 2017
The conservative area for buying of BITCOIN is located near the middle border of the Bollinger Bands indicator strip at 2480. 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 lower boundary of the Bollinger Bands indicator bars and the closing of BITCOIN quotations below the area of 2350, indicating a trend reversal in the bearish on the BTC/USD. In the event of a breakdown of the upper boundary of the Bollinger Bands indicator bars, as well as of the resistance area, it is expected to accelerate the growth of the cryptocurrency.
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