Cryptocurrency Bitcoin (BTC/USD) is trading at 14384.62. 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 14920.50 is expected, from which one should expect an attempt to continue the fall and further development of the downward trend with the target near the level of 12100.50.
Bitcoin (BTC/USD) forecast and analysis on December 30, 2017
The conservative area for Bitcoin sales is located near the upper boundary of the Bollinger Bands indicator strip at 16090.60. The abolition of the option of continuing Bitcoin fall 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 17040.50, 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.