Cryptocurrency Bitcoin (BTC/USD) is trading at 6222.35. Quotes of the cryptocurrency are traded below the moving average with a period of 55, indicating a bearish trend for Bitcoin. At the moment, the quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 6280.50 is expected, from which one should expect an attempt to continue falling and further development of the downward trend with the target near the level of 5900.00.
Bitcoin (BTC/USD) forecast and analysis on July 15, 2018
The conservative area for Bitcoin sales is located at the upper border of the Bollinger Bands indicator strip at 6400.00. The abolition of the option of continuing the fall of Bitcoin will be a breakdown of the upper boundary area of the Bollinger Bands indicator strips, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 6500.20, indicating a change in the trend in favor of the bullish for BTC/USD. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.