Cryptocurrency Bitcoin (BTC/USD) is trading at 3761.52. 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 upper border of the Bollinger Bands indicator bars. An insignificant correction is expected near the 3840.50 level, from which one should expect an attempt to continue falling and further development of the downward trend with the target near the level of 3430.50.
Bitcoin (BTC/USD) forecast and analysis on September 26, 2017
The conservative area for Bitcoin sales is located near the upper boundary of the Bollinger Bands indicator bars at 3808.10. 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 3920.50, 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.