Cryptocurrency Bitcoin (BTC/USD) is trading at 9019.50. 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 9400.50 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 7900.50.
Bitcoin (BTC/USD) forecast and analysis on March 14, 2018
The conservative area for Bitcoin sales is located at the upper border of the Bollinger Bands indicator bars at 9800.20. The abolition of the option of continuing 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 10300.20, 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.