Cryptocurrency Bitcoin (BTC/USD) is trading at 12933.03. 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 the level of 13910.50 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 11380.50.
Bitcoin (BTC/USD) forecast and analysis on January 13, 2018
The conservative area for Bitcoin sales is located near the upper boundary of the Bollinger Bands indicator bars at 14880.20. The abolition of the option of continuing Bitcoin fall will be the breakdown of the area above the border of the Bollinger Bands indicator strip, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 15920.80, 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.
