Cryptocurrency Bitcoin (BTC/USD) is trading at 7375.40. 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 Bollinger Bands indicator bars. A test of level 8550.20 is expected, from which one should expect an attempt to continue the fall and further development of a downward trend with a target near the level of 4650.20.
Bitcoin (BTCUSD) forecast on March 19 — 25, 2018
The conservative area for sales of Bitcoin is located near the middle border of the Bollinger Bands indicator bars at 9570.50. The abolition of the variant of the continuation of Bitcoin fall will be the breakdown of the mid-range area of the Bollinger Bands indicator strips, as well as the moving average with a period of 55 and the closing of the pair quotes above the 11200.50 area, 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.