Bitcoin forecast for 21 December, 2017 by russianbitcoin

bitcoin · @russianbitcoin · Dec 21 '17

$2.44

Bitcoin forecast for 21 December, 2017

Bitcoin’s price stabilized at about $16,900. The cryptocurrency rate is now below the moving average with a period of 55, indicating a “bearish” trend for Bitcoin. At the same time Bitcoin price is moving near the lower border of the Bollinger Bands indicator bars. 

<center>https://res.cloudinary.com/hpiynhbhq/image/upload/v1513848849/dffjg2hhzwjfpfj7hioa.jpg</center><center>Img. source: in-trend.biz</center>

If it breaks $16,520 we should expect an attempt to further falling and continuation of a downward trend with a target near the level of $13,420.

The conservative area for Bitcoin sales is located near the upper boundary of the Bollinger Bands indicator bands at $19290. Alternative scenario – Bitcoin's price will move over the upper border of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the rate of the pair will grow above the $20,150. 

It will indicate a change in the trend in favor of the “bull”. In the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator it is expected acceleration of the “bearish” trend.
<br>
**Read also:**
[Co-founder of the largest site about cryptocurrency sold all his Bitcoins](https://steemit.com/bitcoin/@russianbitcoin/co-founder-of-the-largest-site-about-cryptocurrency-sold-all-his-bitcoins)
[Ronnie Moas predicts Bitcoin price growth to $400,000](https://steemit.com/bitcoin/@russianbitcoin/ronnie-moas-predicts-bitcoin-price-growth-to-usd400-000)
[Bitcoin’s price lost $3 000 after a new record](https://steemit.com/bitcoin/@russianbitcoin/bitcoin-s-price-lost-usd3-000-after-a-new-record)
[North Korea hackers stole $6.9 million from Bithumb](https://steemit.com/bitcoin/@russianbitcoin/north-korea-hackers-stole-usd6-9-million-from-bithumb)
[Bitcoin’s price fell by 15 percent](https://steemit.com/bitcoin/@russianbitcoin/bitcoin-s-price-fell-by-15-percent)
<br>
<center><img src=http://ipic.su/img/img7/fs/2.1509037791.png />&nbsp;<img src="http://storage6.static.itmages.ru/i/17/0902/h_1504366213_5064192_db910059da.gif" width="200" height="200"/></center>

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@russianbitcoin · Dec 21 '17

@OriginalWorks

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@originalworks · Dec 21 '17

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@drotto · Dec 21 '17

<p>This post has received a 3.13 % upvote from @drotto thanks to: @russianbitcoin.</p>

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@steemthat · Dec 21 '17

<p>This post has received a 50.00 % upvote from @steemthat thanks to: @russianbitcoin.
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@morwhale · Dec 21 '17

This post received a 3% upvote from @morwhale team thanks to @russianbitcoin! For more information, [click here](https://steemit.com/@morwhale)! , [TeamMorocco](https://steemit.com/@teammorocco)! . <br> STEEM Price : 2.903 $

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@upvotewhale · Dec 21 '17

This post received a 0.040 SBD (14.72%) upvote from @upvotewhale thanks to @russianbitcoin! For more information, check out my profile!

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@minnowsupport · Dec 21 '17

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@jerrybanfield · Dec 21 '17

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Thank you @russianbitcoin for promoting this post together with https://steemit.com/budget/@jerrybanfield/introducing-steem-budget-proposals

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@superbot · Dec 21 '17

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