Cryptocurrency Bitcoin (BTC/USD) is trading at 3780.73. Quotes of the currency 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. An insignificant correction is expected near the level of 3940.70, 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 3450.50.
Bitcoin (BTC/USD) forecast and analysis on September 19, 2017
The conservative area for Bitcoin sales is located near the upper boundary of the Bollinger Bands indicator bands at 3970.50. The abolition of the continuation of the fall of the BTC/USD pair will be a breakdown of the upper range of the Bollinger Bands indicator bands, as well as a moving average with a period of 55 and closing of the pair quotes above the area of 4070.50, indicating a change in the trend in favor of the bullish on Bitcoin. 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.