Cryptocurrency Bitcoin (BTC/USD) is trading at 3594. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Bitcoin. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.
Bitcoin (BTC/USD) forecast and analysis on February 18, 2019
As part of the Bitcoin exchange rate forecast, a test of the level of 3540 is expected. Where can we expect an attempt to continue the growth of BTC/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 3700. The conservative area for buying of Bitcoin is located near the lower border of the Bollinger Bands indicator bands at the level of 3535.
Cancellation of the option to continue the growth rate of Bitcoin will be a breakdown of the lower border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair below the area of 3480. This will indicate a change in the current trend in favor of a bearish for BTC/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the fall of the cryptocurrency.
Bitcoin (BTC/USD) forecast and analysis on February 18, 2019 implies a test level of 3540. Further growth is expected to continue to the area above the level of 3700. The conservative area for buying Bitcoin is located area of 3535. Cancellation of the cryptocurrency growth option will be a breakdown of the level of 3480. In this case, we can expect continuation the fall.
