Bitcoin BTC/USD is trading at 8218. Cryptocurrency continues to move within the bullish trend. At the moment, we expect Bitcoin correction in the support area at 8150. Further, the rebound and the continued growth of BTC/USD are above the level of 8700.
Bitcoin (BTC/USD) forecast for today November 25, 2017
A strong signal in favor of the growth of the cryptocurrency will come from the support line test on the Stochastic indicator. The conservative area for buy is near the level of 7750. The abolition of the variant of Bitcoin growth will be a breakdown of the level of the lower moving average and the closing below 7400, which will indicate the continuation of the decline in the cryptocurrency and the likely change of the trend in favor of the bearish trend.
Bitcoin (BTC/USD) forecast for today November 25, 2017 involves trying to test the support level near 8150 and continuing growth in the area above the level of 8700, an additional signal for the growth of the Bitcoin rate will be an bullish trendline test on the indicator Stochastic.
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