Cryptocurrency Bitcoin (BTC/USD) is trading at 4284. 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 lower border of the Bollinger Bands indicator bands.
Bitcoin (BTC/USD) forecast and analysis on November 25, 2018
As part of the Bitcoin exchange rate forecast, the test level is expected to be 4540. Where should we expect an attempt to continue the fall of BTC/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 3600. The conservative area for sales of Bitcoin is located near the upper border of the Bollinger Bands indicator strip at 4610.
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 4850 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 and analysis on November 25, 2018 implies a test level of 4540. Further, it is expected to continue falling to an area below 3600. The conservative area for selling Bitcoin is located area of 4610. The cancellation of the option of falling cryptocurrency will be a breakdown of 4850. In this case, we should expect continued growth.
