Bitcoin BTC/USD is trading at 8124. Cryptocurrency continues to move within the bullish trend. At the moment, we expect Bitcoin correction to the support area at 7900. Further, the rebound and the continuation of BTC/USD growth above the level of 8800.
Bitcoin (BTC/USD) forecast for today November 23, 2017
A strong signal in favor of the growth of the cryptocurrency will be a test of the support line on the Stochastic indicator. The conservative area for buy is near the level of 7700. The abolition of the variant of Bitcoin growth will be the breakdown of the level of the lower moving average and the closing below 7300, which will indicate the continuation of the decline in the cryptocurrency and the probable change in the trend in favor of the bearish.
Bitcoin (BTC/USD) forecast for today November 23, 2017 involves trying to test the support level near 7900 and continuing growth in the area above the level of 8800, an additional signal in favor of the growth of Bitcoin will be the test of the bullish trend line on the indicator Stochastic.
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