Cryptocurrency Bitcoin (BTC/USD) is trading at 3852.14. 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 crypto currency are moving near the middle border of the Bollinger Bands indicator bars. An insignificant correction is expected near the level of 3965.50, where we can expect an attempt to continue the fall and further development of the downward trend with a target near the level of 3570.50.
Bitcoin (BTC/USD) forecast and analysis on September 22, 2017
The conservative area for Bitcoin sales is located near the upper boundary of the Bollinger Bands indicator strip at 4090.40. 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 the closing of the pair quotations above the area 4150.50, indicating a change in the trend in favor of the bullish for 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.
