Cryptocurrency Bitcoin (BTC/USD) is trading at 8501.00. 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 cryptocurrency quotes test the average border of the Bollinger Bands indicator bars. A test of level 8900.20 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 6900.20.
Bitcoin (BTC/USD) forecast and analysis on February 13, 2018
The conservative area for Bitcoin sales is located near the upper boundary of the Bollinger Bands indicator bars at 9000.50. 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 quotations of the pair above the area of 9500.50, 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.
