BITCOIN BTC/USD is trading at the level of 2542.24. 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 test the moving average. The test of the upper boundary of the Bollinger Bands indicator bars near the level of 2570 is expected, where again one should expect an attempt to continue the fall and further develop the bearish trend in the BITCOIN cryptocurrency with a target near the level of 2335.
BTC/USD forecast & signals BITCOIN on June 29, 2017
The conservative sales area for BITCOIN is located near the upper boundary of the Bollinger Bands indicator strip at 2580. The abolition of the option of continuing 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 BITCOIN quotations above 2610, which Appears to be in favor of a bullish trend for 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 2100.
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