BITCOIN BTC/USD is trading at 2429.15. 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 are testing the lower limit of the indicator. It is expected to test the middle of the indicator near the level of 2480, where again we should expect an attempt to continue the fall and further develop the bearish trend for the BITCOIN cryptocurrency with the target near the level of 2200.
BTC/USD forecast & signals BITCOIN on July 3, 2017
The conservative area for sales of BITCOIN is located near the upper boundary of the Bollinger Bands indicator strip at 2590. Canceling the continuation option the fall of the BTC/USD cryptocurrency 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 the BITCOIN quotations above the 2650 area, indicating the change of bullish trend in the 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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