Cryptocurrency Bitcoin (BTC/USD) is trading at 13919.45. 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 level 14820.50 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with the target near the level of 11250.50.
Bitcoin (BTC/USD) forecast and analysis on December 25, 2017
The conservative area for Bitcoin sales is located near the upper boundary of the Bollinger Bands indicator bars at 16410.30. The abolition of the option of continuing Bitcoin fall will be a breakdown of the upper boundary area of the Bollinger Bands indicator strips, as well as a moving average with a period of 55 and the closing of the pair quotes above the area of 17600.50, 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.
