Cryptocurrency Bitcoin (BTC/USD) is trading at 9990.00. 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 quotes of the cryptocurrency are moving near the middle border of the Bollinger Bands indicator bars. A test of the level of 10300.50 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 8400.20.
Bitcoin (BTC/USD) forecast and analysis on February 25, 2018
The conservative area for Bitcoin sales is located at the upper boundary of the Bollinger Bands indicator bars at 11000.50. The abolition of the variant of the continuation of 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 quotations of the pair above the area of 11600.50, 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.