Cryptocurrency Bitcoin (BTC/USD) is trading at 11157.44. 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 10240.50 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with a target near the level of 13050.50.
Bitcoin (BTC/USD) forecast on December 4 — 8, 2017
The conservative buying area is located near the lower border of the Bollinger Bands indicator strip at 6320.20. 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 5730.50, 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.
