Bitcoin 01.12.18
As part of the forecast Bitcoin exchange rate is expected to test the level of 4230. Where should we expect an attempt to continue the decline of BTC / USD and further development of the downward trend. The aim of this movement is the area near the level of 3300. The conservative area for Bitcoin sales is located near the upper limit of the Bollinger bands indicator at the level of 4320.
The cancellation of the option to continue the decline in the Bitcoin rate will be the breakdown of the upper limit of the Bollinger bands indicator. As well as the moving average with a period of 55 and closing quotes above the pair 4520. This will indicate a change in the current trend in favor of the bullish BTC/USD. In case of breakdown of the lower limit of the Bollinger Bands indicator, we should expect the cryptocurrency to fall faster.
Thus, Bitcoin BTC / USD forecast for today December 1, 2018 assumes a test level of 4230. Further, it is expected to continue falling to the area below the level of 3300. Conservative area sales is within the region 4320. The breakout of the 4520 level will be the cancellation of the cryptocurrency fall option. In this case, we should expect continued growth.
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