Cryptocurrency Bitcoin (BTC/USD) is trading at 3982.56. 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 lower boundary of the bands of the indicator Bollinger Bands. An insignificant correction is expected near the level of 4170.50, from which one should expect an attempt to continue falling and further development of the downward trend with the target near the level of 3650.50.
Bitcoin (BTC/USD) forecast and analysis on September 14, 2017
The conservative sales area Bitcoin/Dollar is located near the upper boundary of the Bollinger Bands indicator bars at 4356.90. 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 of 4510.50, 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.