Bitcoin BTC/USD is trading at 9607. The cryptocurrency continues to move within a bearish trend. At the moment, we expect Bitcoin correction in the resistance area at the level of 10050. Further, the rebound and the continuation of the BTC/USD fall below 8700.
Bitcoin (BTC/USD) forecast on February 26, 2018
A test of level 80 on the Stochastic indicator will be a strong signal in favor of the fall of the cryptocurrency. The conservative sell area is located near the level of 10000. The abolition of the Bitcoin drop option will be a breakdown of the upper moving average level and a close above 10400, which will indicate the continued growth of the crypto currency and a possible change in the trend in favor of the ascending one.
Bitcoin (BTC/USD) forecast on February 26, 2018 suggests an attempt to test the resistance level near the area of 10050 and continue falling to the area below the level of 8700, an additional signal in favor of Bitcoin depreciation will come from the downward trend test on the Stochastic indicator.
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