Cryptocurrency Bitcoin (BTC/USD) is trading at 14087.67. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Bitcoin. At the moment, the quotes of the cryptocurrency are moving near the upper border of the Bollinger Bands indicator bars. A test of the level of 13010.50 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target near the level of 18240.50.
Bitcoin (BTC/USD) forecast on December 11 — 15, 2017
The conservative buying area is located near the middle border of the Bollinger Bands indicator strip at 11040.60. The abolition of the option of continuing Bitcoin growth will be a moving average with a period of 55 and the closing of the pair quotes below the area of 8080.50, indicating a change in the bearish trend for BTC/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.
