Bitcoin BTC/USD is trading at 32825. Cryptocurrency quotes are trading below the level of the moving average with a period of 55. This indicates the presence of a bearish trend for Bitcoin. At the moment, the cryptocurrency quotes are moving near the lower border of the bands of the Bollinger Bands indicator.
As part of the Bitcoin exchange rate forecast, a test of the 34700 level is expected. Where to expect an attempt to continue the fall of BTC/USD and further development of the downward trend. The target of this movement is the area near the level of 28400. The conservative area for Bitcoin sales is located near the upper border of the Bollinger Bands indicator at the level of 37820.
Bitcoin BTC/USD forecast for today June 10, 2021
The cancellation of the option to continue the decline in the Bitcoin exchange rate will be a breakdown of the upper border of the Bollinger Bands indicator bands. As well as the moving average with a period of 55 and the closing of the pair's quotes above the area of 38100. This will indicate a change in the current trend in favor of a bullish one for BTC/USD. In the event of a breakdown of the lower limit of the bands of the Bollinger Bands indicator, we should expect an acceleration in the fall of the cryptocurrency.
Bitcoin BTC/USD forecast for today June 10, 2021 suggests a test of the level of 34700. Further, it is expected to continue falling to the area below the level of 28400. The conservative sales area is located near the 37820 area. The cancellation of the fall of the cryptocurrency will be the breakdown of the level of 38100. In this case, we should expect continued growth.