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Bitcoin (BTC/USD) forecast and analysis on February 17, 2019


Cryptocurrency Bitcoin (BTC/USD) is trading at 3590. Cryptocurrency quotes are trading above the moving average with a period of 55. This indicates a bullish trend on Bitcoin. At the moment, cryptocurrency quotes are moving near the upper border of the Bollinger Bands indicator.

Bitcoin (BTC/USD) forecast and analysis on February 17, 2019

As part of the Bitcoin exchange rate forecast, a test of the level of 3560 is expected. Where can we expect an attempt to continue the growth of BTC/USD and the further development of the upward trend. The purpose of this movement is the area near the level of 3690. The conservative area for buying of Bitcoin is located near the lower border of the Bollinger Bands indicator bars at the level of 3550.


Bitcoin (BTC/USD) forecast and analysis on February 17, 2019

Cancellation of the option to continue the growth rate of Bitcoin will be a breakdown of the lower border of the Bollinger Bands indicator. As well as the moving average with a period of 55 and closing of quotations of the pair below the area of ​​3480. This will indicate a change in the current trend in favor of a bearish for BTC/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bands, one should expect an acceleration of the cryptocurrency decline.

Bitcoin (BTC/USD) forecast and analysis on February 17, 2019implies a test level of 3560. Further growth is expected to continue to the area above the level of 3690. The conservative area for buying Bitcoin is located area of 3550. Cancellation of the cryptocurrency growth option will be a breakdown of the level of 3480. In this case, we can expect continuation the fall.



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