Bitcoin (BTC/USD) forecast and analysis on June 16, 2018

Cryptocurrency Bitcoin (BTC/USD) is trading at 6598.65. Quotes cryptocurrency traded below the moving average with a period of 55, which indicates the presence of bearish trends 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 6750.00 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 6200.00.

Bitcoin (BTC/USD) forecast and analysis on June 16, 2018

Bitcoin (BTC/USD) forecast and analysis on June 16, 2018

The conservative area for Bitcoin sales is located at the upper border of the Bollinger Bands indicator bars at 6900.50. The abolition of the option of continuing the Bitcoin fall will be the breakdown of the upper boundary area of ​​the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotations above the 7200.00 area, indicating a change in the bullish trend 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.

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