Bitcoin (BTC/USD) forecast on January 15 — 21, 2018

Cryptocurrency Bitcoin (BTC/USD) is trading at 12918.38. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Bitcoin. At the moment, the quotes of the cryptocurrency are moving near the lower border of the bands of the Bollinger Bands indicator. A test of the level of 11910.50 is expected, from which one should expect an attempt to continue growth and further development of the upward trend with a target near the level of 16850.80.