Cryptocurrency Bitcoin (BTC/USD) is trading at 13214.41. 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 middle border of the Bollinger Bands indicator bars. A test of the level of 14350.50 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 10500.50.
Bitcoin (BTC/USD) forecast and analysis on December 24, 2017
The conservative area for Bitcoin sales is located near the upper boundary of the Bollinger Bands indicator strip at 17690.50. The abolition of the option to continue Bitcoin fall will be the breakdown of the upper range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotations above the area of 18900.50, indicating 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.