Cryptocurrency Bitcoin (BTC/USD) is trading at 4526.46. Quotes of the pair are traded above the moving average with a period of 55, which indicates the existence of a bullish trend on Bitcoin/Dollar. At the moment, the quotes of the pair are moving near the lower border of the bands of the Bollinger Bands indicator. An insignificant correction is expected near the level of 4450.30, where again we should expect an attempt to continue growth and further development of the upward trend in the Bitcoin/Dollar pair near the level of 5120.50.
Bitcoin (BTC/USD) forecast and analysis on September 5, 2017
The conservative area for Bitcoin/Dollar pair buying is near the lower boundary of the Bollinger Bands indicator bands at the level of 4430.20. The abolition of the continuation of the growth of the BTC/USD pair will be a breakdown of the lower border of the Bollinger Bands indicator strip, as well as a moving average with a level of 55 and the closing of the pair quotes below the area of 4255.50, indicating a change in the trend in favor of the bearish Bitcoin/Dollar. In the event of a breakdown of the upper boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate growth.