Bitcoin: BTC/USD forecast for today July 26, 2018

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Bitcoin: BTC/USD forecast for today July 26, 2018

Bitcoin: BTC/USD is trading at the level 8167.87. Quotes cryptocurrency traded above the moving average with period 55, indicating a bullish trend for Bitcoin. At the moment quotes cryptocurrency Sredna move near the boundaries of the Bollinger bands. Expected to test the level of 8000.00, where we can expect the attempt to continue growth and further development of ascending trend with the target near the level of 9200.00.

Bitcoin: BTC/USD forecast for today July 26, 2018

Conservative area for shopping is located near the lower boundary of the Bollinger bands at the level 7100.20. The cancellation of the option to continue the growth of Bitcoin will be a break out region the lower boundary of the Bollinger bands and moving average with period 55 and closing quotes pair below the 7000.00 that will indicate a change of trend in favor of bearish on BTC/USD. In case of breaking the upper boundary of the Bollinger bands is expected to accelerate growth.

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