Cryptocurrency Bitcoin (BTC/USD) is trading at 10934.00. Quotes of the cryptocurrency 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 lower border of the bands of the Bollinger Bands indicator. A test of the level of 12860.50 is expected, from which one should expect an attempt to continue falling and further development of a downward trend with a target near the level of 8560.50.
Bitcoin (BTC/USD) forecast on January 22 — 28, 2018
The conservative area for Bitcoin sales is located near the middle border of the Bollinger Bands indicator strip at the level of 13485.70. The abolition of the variant of the continuation of the Bitcoin fall will be the breakdown of the mid-range area of the Bollinger Bands indicator bars, as well as the moving average with a period of 55 and the closing of the pair quotes above the area of 15100.50, indicating a change in the bullish trend for BTC/USD. 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.
