Cryptocurrency Bitcoin (BTC/USD) is trading at 3736. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Bitcoin. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.
Bitcoin (BTC/USD) forecast and analysis on December 20, 2018
As part of the Bitcoin exchange rate forecast, a test of the level of 3610 is expected. Where should we expect an attempt to continue BTC/USD growth and the further development of the upward trend. The purpose of this movement is the area near the level of 4120. The conservative area for buying of Bitcoin is located near the lower border of the Bollinger Bands indicator bars at the level of 3020.
Cancellation of the option to continue the growth rate of Bitcoin will be the breakdown of the lower border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair below the area of 3000. This will indicate a change in the current trend in favor of a bearish BTC/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the cryptocurrency decline.
Bitcoin BTC/USD forecast for December 20, 2018 implies a test level of 3610. Further growth is expected to continue to the area above the level of 4120. The conservative area for buying Bitcoin is located area of 3020. Canceling the level of cryptocurrency growth will be a breakdown of 3000. In this case, we should expect a further fall.