Cryptocurrency Bitcoin (BTC/USD) is trading at 5905.00. 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 6800.50 is expected, from which one should expect an attempt to continue falling and further development of the downward trend with the target near the level of 4000.20.
Bitcoin (BTCUSD) weekly forecast on June 25 — July 1, 2018
The conservative area for Bitcoin sales is located near the middle border of the Bollinger Bands indicator strip at 6850.20. 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 strips, as well as the moving average with a period of 55 and the closing of the pair quotes above the 8000.00 area, which will indicate a change in the trend in favor of the bullish 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.
