Bitcoin (BTCUSD) forecast on May 31 — June 6, 2021

Cryptocurrency Bitcoin (BTC/USD) is trading at 35753. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bearish trend on Bitcoin. At the moment, cryptocurrency quotes are moving near the lower border of the Bollinger Bands indicator bars.

Bitcoin (BTCUSD) forecast on May 31 — June 6, 2021

As part of the Bitcoin exchange rate forecast, a test of the level of 41840 is expected. Where can we expect an attempt to continue the fall in BTC/USD and the further development of the downward trend. The purpose of this movement is the area near the level of 21740. The conservative area for Bitcoin sales is located near the upper border of the Bollinger Bands indicator strip at 55320.

Bitcoin (BTCUSD) forecast on May 31 — June 6, 2021

Cancellation of the option to continue the decline in the Bitcoin rate will be a breakdown of the upper border of the Bollinger Bands indicator bars. As well as the moving average with a period of 55 and closing of quotations of the pair above the 58250 area. This will indicate a change in the current trend in favor of the bullish for BTC/USD. In case of a breakdown of the lower border of the Bollinger Bands indicator bars, we should expect an acceleration in the fall of the cryptocurrency.

Bitcoin (BTCUSD) forecast on May 31 — June 6, 2021 implies a test level of 41840. Further, it is expected to continue falling to the area below the level of 21740. The conservative sales area is located near the area of ​​55320. Cancellation of the option of falling cryptocurrency will be a breakdown of the level of 58250. In this case, we should expect a continuation growth.


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