Cryptocurrency Bitcoin (BTC/USD) is trading at 15752.66. 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 Bollinger Bands indicator bars. A test of the level of 16520.50 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 13420.50.
Bitcoin (BTC/USD) forecast and analysis on December 22, 2017
The conservative area for Bitcoin sales is located near the upper boundary of the Bollinger Bands indicator bands at 19290.60. The abolition of the option to continue Bitcoin fall will be the breakdown of the upper border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 20150.50, which indicates 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.