Cryptocurrency Bitcoin (BTC/USD) is trading at 5529. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Bitcoin. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.
Bitcoin (BTC/USD) forecast and analysis on November 19, 2018
As part of the Bitcoin exchange rate forecast, the level 5610 is expected. Where should we expect an attempt to continue the fall of BTC/USD and further development of the downward trend. The purpose of this movement is the area near the level of 5100. The conservative area for selling Bitcoin is located near the upper border of the Bollinger Bands indicator strip at 5620.
Cancellation of the option to continue the decline in the rate of Bitcoin will be the breakdown of the area of the upper border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair above the 5900 area. This will indicate a change in the current trend in favor of the bullish BTC/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration of the fall of the cryptocurrency.
Bitcoin BTC/USD forecast for November 19, 2018 implies a test level of 5610.50. Further, it is expected to continue falling to the area below the level of 5100. The conservative sales zone is located near the area of 5620. Cancellation of the option of falling cryptocurrency will be a breakdown of the level of 5900. In this case, we should expect continued growth.
