Cryptocurrency Bitcoin (BTC/USD) is trading at 3672.18. Quotes of the currency are traded below the moving average with a period of 55, indicating a bearish trend for Bitcoin. Currently, the Cryptocurrency quotes are testing the lower boundary of the Bollinger Bands indicator bars. An insignificant correction is expected near the level of 3780.50, from which it is worth waiting for an attempt to continue falling and further development of the downward trend with the target near the level of 3370.50.
Bitcoin (BTC/USD) forecast and analysis on September 25, 2017
The conservative area for Bitcoin sales is located near the upper boundary of the Bollinger Bands indicator bars at 4110.50. The abolition of the continuation of the fall of the BTC/USD pair will be a breakdown of the upper boundary of the Bollinger Bands indicator strips, as well as a moving average with a period of 55 and the closing of the pair quotes above the area 4250.50, 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.