Cryptocurrency Bitcoin (BTC/USD) is trading at 3640. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Bitcoin. At the moment, the cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands.
Bitcoin (BTC/USD) forecast and analysis on November 26, 2018
As part of the Bitcoin exchange rate forecast, the test level is expected to be 4020. Where should we expect an attempt to continue the fall in BTC/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 3000. The conservative area for selling Bitcoin is located near the upper border of the Bollinger Bands indicator at the level of 4700.
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 a moving average with a period of 55 and closing of quotations of the pair above the 4800 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 26, 2018 implies a test level of 4020. Further, it is expected to continue falling to an area below 3000. The conservative area for selling Bitcoin is located area of 4700. Canceling the variant of falling cryptocurrency will result in a breakdown of 4800. In this case one should expect continued growth.
