BITCOIN BTC/USD is trading at 2547. Cryptocurrency are traded above the moving average with a period of 55, indicating a bullish trend for BITCOIN. At the moment, quotes test the average border of the indicator. A moving average test is expected near the level of 2530, where again we should expect an attempt to continue the growth and further development of the bull trend in the BITCOIN cryptocurrency with the target near the level of 2730.
Trading signals & BITCOIN forecast on July 6, 2017
The conservative area for buying of BITCOIN is located near the middle border of the Bollinger Bands indicator bars at 2490. 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 the BITCOIN quotations below the area of 2380, indicating a trend change in the bearish on the BTC/USD. In the event of a breakdown of the upper boundary of the Bollinger Bands, it is expected to accelerate the growth of the cryptocurrency.
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