BITCOIN BTC/USD closed the trading month near the level of 2400. Currencies quotations are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for BITCOIN. At the moment, quotes are testing the lower limit of the indicator Bollinger Bands. Another test of the 2400 level is expected again, where again one should expect an attempt to continue growth and further development of the bull trend in the BITCOIN cryptocurrency with the target near the level of 3200 in July 2017.
BITCOIN BTC/USD forecast and analysis on July 2017
The conservative area for buying of BITCOIN is located near the lower boundary of the Bollinger Bands indicator strip at the level of 2380. Canceling the option the continuation of the growth of the BTC/USD cryptocurrency 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 bands and the closing of BITCOIN quotes below the area of 2100, which will indicate a change in the trend in favor of the bearish on BTC/USD. In the event of a breakdown of the upper boundary of the Bollinger Bands indicator bars, it is expected to accelerate the growth of the cryptocurrency in the area below the level of 3200.
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