BITCOIN BTC/USD is trading at the level of 2473. Quotes cryptocurrency trading 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 boundary of the bands of the Bollinger Bands indicator. Is expected to test the moving average at the level of 2000, where once again we can expect an attempt to continue falling and the development of the bearish trend on cryptocurrency BITCOIN the target near the level of 2100.
BITCOIN forecast & analysis BTC/USD on July 27, 2017
The conservative area for BITCOIN sales located near the level of 2600. Cancellation option of continuing cryptocurrency fall BTC/USD will breakdown of the sliding the average with the level of 55, as well as the middle border of the Bollinger Bands indicator bars and the closing of BITCOIN quotations above the area of 2700, which indicates a change in the trend in favor of the bullish on 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 2100.
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