Bitcoin BTC/USD is trading at 36740. Cryptocurrency quotes are trading above the level of the moving average with a period of 55. This indicates the presence of a bullish trend for Bitcoin. At the moment, the cryptocurrency quotes are moving near the average border of the bands of the Bollinger Bands indicator.
As part of the Bitcoin exchange rate forecast, a test of the level of 34940 is expected. Where should we expect an attempt to continue the growth of BTC/USD and further development of the upward trend. The target of this movement is the area near the 40720 level. The conservative area for Bitcoin purchases is located near the lower border of the Bollinger Bands indicator at the level of 31430.
Bitcoin BTC/USD signals for today, June 15, 2021
The cancellation of the option to continue the growth of the Bitcoin rate will be a breakdown of the lower border of the bands of the Bollinger Bands indicator. As well as the moving average with a period of 55 and the closing of the pair's quotes below the area of 30100. This will indicate a change in the current trend in favor of a bearish one for BTC/USD. In the event of a breakdown of the upper 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 April 15, 2021 suggests a test of the level of 34940. Further growth is expected to continue in the area above the level of 40720. The conservative buy zone is located near the 31430 area. The cancellation of the growth option of the cryptocurrency will be the breakdown of the level of 30100. In this case, we should expect the fall to continue.