Cryptocurrency Bitcoin (BTC/USD) is trading at 6394.61. 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 6540.00 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 6000.00.
Bitcoin (BTC/USD) forecast and analysis on September 27, 2018
The conservative sales area for Bitcoin is located near the upper boundary of the Bollinger Bands strip at 6820.00. The abolition of the variant of the continuation of 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 the period of 55 and the closing of the pair quotes above the 7000.00 area, which will indicate a change in the trend in favor of the bullish 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.