Cryptocurrency Bitcoin (BTC/USD) is trading at 4606.93. Quotes of the pair are traded above the moving average with a period of 55, which indicates the existence of a bullish trend on Bitcoin/Dollar. At the moment, the pair quotes are moving near the middle border of the Bollinger Bands indicator bars. An insignificant correction is expected near the level of 4480.20, where again we should expect an attempt to continue growth and further development of the upward trend in the Bitcoin/Dollar pair near the level of 5080.50.
Bitcoin (BTC/USD) forecast and analysis on September 11, 2017
The conservative area for Bitcoin/Dollar pair buying is near the lower boundary of the Bollinger Bands indicator strip at 4155.20. Canceling the option of continuing the growth of the BTC/USD pair will be a breakdown of the lower border of the Bollinger Bands indicator strip, as well as a moving average with a level of 55 and the closing of the pair quotes below the area of 3930.50, indicating a change in the trend in favor of the bearish Bitcoin/Dollar. In the event of a breakdown of the upper boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate growth.