Cryptocurrency Bitcoin (BTC/USD) is trading at 4333.62. Quotes of the pair are traded below the moving average with a period of 55, indicating a bearish trend in the Bitcoin/Dollar. At the moment, quotes of the pair test the average border of the bands of the indicator Bollinger Bands. An insignificant correction is expected near the level of 4450.50, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 3780.50.
Bitcoin (BTC/USD) forecast and analysis on September 12, 2017
The conservative sales area Bitcoin/Dollar is located near the upper boundary of the Bollinger Bands indicator bars at 4645.90. The abolition of the continuation of the fall of the BTC/USD pair will be the breakdown of the upper range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes above the area 4850.50, indicating a change in the trend in favor of the bullish Bitcoin/Dollar. 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.
