Bitcoin (BTC/USD) forecast on January 15 — 21, 2018

Cryptocurrency Bitcoin (BTC/USD) is trading at 12918.38. 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 lower border of the bands of the Bollinger Bands indicator. A test of the level of 11910.50 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 16850.80.

Bitcoin (BTC/USD) forecast on January 15 — 21, 2018

Bitcoin (BTC/USD) forecast on January 15 — 21, 2018

The conservative buying area is located near the lower border of the Bollinger Bands indicator bars at 11810.40. The abolition of the option of continuing Bitcoin growth will be the breakdown of the lower border area of ​​the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes below the 10100.50 area, 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.


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