Cryptocurrency Bitcoin (BTC/USD) is trading at 17135. 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 bars.
Bitcoin (BTC/USD) forecast and analysis on November 28, 2020
As part of the Bitcoin exchange rate forecast, a test of the level of 17920 is expected. Where can we expect attempts to develop a continuation of the fall in BTC/USD and a further downward trend. The purpose of this movement is the area near the level of 15720. The conservative area for Bitcoin sales is calculated by the upper border of the Bollinger Band indicator bands at 20130.
Cancellation of the option to continue the decline in the Bitcoin rate will be a breakdown of the upper border of the Bollinger Bands indicator band. As well as the moving average with a period of 55 and the closing of quotations of the pair above the 20150 area. This indicates a change in the current trend in favor of the bullish for BTC/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator strip, we should expect an acceleration in the fall of the cryptocurrency.
Bitcoin (BTC/USD) forecast and analysis on November 28, 2020 implies a test level of 17920. Further, the fall is expected to continue to the area below the level of 15720. The conservative sales area is located near the 20130 area. Cancellation of the cryptocurrency fall option will be a breakdown of the level of 20150. In this case, it is worth expect continued growth.