BITCOIN BTC/USD is trading at 2574. Currencies 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 2540, where again one should expect an attempt to continue growth and further development of the bullish trend in the BITCOIN cryptocurrency with the target near the level of 2740.
BITCOIN forecast & analysis BTC/USD on July 7, 2017
The conservative area for buying of BITCOIN is located near the lower boundary of the Bollinger Bands indicator strip at 2500. Canceling the option of continuing growth BTC/USD will be a breakdown of the moving average region with a level of 55, as well as the lower border of the Bollinger Bands indicator bars and the closing of the BITCOIN quotations below the area of 2470, which indicates a change in the trend in favor of 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. An additional signal in favor of continuing the growth of quotations BTC/USD is the breakdown of the pattern «Triangle» up.
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