Cryptocurrency Bitcoin (BTC/USD) is trading at 8010.28. 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 bands of the Bollinger Bands indicator. A test of level 8600.50 is expected, from which it is expected to try to continue falling and further development of the downward trend with the target near the level of 6100.50.
Bitcoin (BTC/USD) forecast and analysis on February 12, 2018
The conservative area for Bitcoin sales is located near the upper boundary of the Bollinger Bands indicator bars at 9000.20. The abolition of the option of continuing the 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 9600.50, 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.
