Cryptocurrency Bitcoin (BTC/USD) is trading at 6240.29. 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 lower border of the bands of the Bollinger Bands indicator. A test of the level of 6450.00 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 5800.00.
Bitcoin (BTC/USD) forecast and analysis on September 19, 2018
The conservative sales area for Bitcoin is near the upper boundary of the Bollinger Bands indicator bars at 6620.00. The abolition of the option to continue Bitcoin fall 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 6800.00 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.