Cryptocurrency Bitcoin (BTC/USD) is trading at 13510.73. 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 14150.50 is expected, from which one should expect an attempt to continue falling and further development of the downward trend with the target near the level of 10900.50.
Bitcoin (BTC/USD) forecast and analysis on December 27, 2017
The conservative area for Bitcoin sales is located near the upper boundary of the Bollinger Bands indicator strip at the level of 14640.50. The abolition of the option of continuing the fall of Bitcoin will be the breakdown of the upper boundary area of the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 15900.50, indicating a change in the bullish trend 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.
