Cryptocurrency Bitcoin (BTC/USD) is trading at 3773. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Bitcoin. At the moment, the cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bands.
Bitcoin (BTCUSD) forecast on November 26 — December 2, 2018
As part of the Bitcoin exchange rate forecast, a test level of 4,400 is expected. Where should we expect an attempt to continue the fall in BTC/USD and further development of the downward trend. The purpose of this movement is the area near the level of 2800. The conservative area for sales of Bitcoin is located near the middle border of the Bollinger Bands indicator at the level of 5500.
Cancellation of the option to continue the decline in the rate of Bitcoin will be a breakdown of the area of the middle border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair above the 6000 area. This will indicate a change in the current trend in favor of the bullish BTC/USD. In the event of a breakdown of the lower border of the Bollinger Bands indicator bands, we should expect an acceleration of the fall of the cryptocurrency.
Bitcoin (BTCUSD) forecast on November 26 — December 2, 2018 implies a test of level 4400. Further, it is expected to continue falling to the area below the level of 2800. The conservative area for selling Bitcoin is located area of 5500. Cancellation of the option of falling cryptocurrency will be a breakdown of the level 6000. In this case, we can expect continued growth.
