Bitcoin forecast for 18 - 22 December 2017
The current price BTC is at the level of $19 650. BTC/USD is traded now above the moving average with a period of 55. This fact indicates a bullish trend. At the moment, the rate of the cryptocurrency is moving to the upper border of the Bollinger Band.
It’s expected that Bitcoin price will examine the level $17 960. In this case we should expect an increase in the volume and further upward trend to $21 420.
The best area for purchases is next to the boundaries of the Bollinger bands at 8060.20. The reverse situation assumes the following: Bitcoin growth stops if the breakdown of the moving average with a period of 55 happens below the area of 6720.50.
It will indicate a change in the trend from bullish to bearish. In the event of breakdown of the upper boundary of the indicator Bollinger Bands, we should expect an acceleration of the bullish trend.
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