BITCOIN BTC/USD is trading at the level of 2382.60. 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 2505, 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 2170.
BTC/USD forecast & signals BITCOIN on June 28, 2017
The conservative sales area for BITCOIN is located near the upper boundary of the Bollinger Bands indicator strip at 2710. 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 upper boundary of the Bollinger Bands indicator bars and the closing of the BITCOIN quotations above the area of 2830, indicating a change in the trend and in favor of the bullish by 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 2170.
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