BITCOIN forecast & technical analysis November 21, 2017


Bitcoin BTC/USD are traded at 8217 and continue to move in line with growth. At this point, we should expect a rebound from the upper border of the channel and a fall to the lower border of the channel near the level of 8000.

BITCOIN forecast & technical analysis November 21, 2017

Again, we expect a rebound and the continued growth of the Bitcoin rate with a target above 8450. In favor of the growth of BTC/USD quotes, indicator of relative strength index (RSI). Cancellation of the growth option will be the fall and breakdown of the area 7850, which will indicate the continuation of the fall of BTC/USD below the level of 7550.

BITCOIN forecast & technical analysis November 21, 2017

BITCOIN forecast & technical analysis November 21, 2017 involves trying to test the lower border of the channel near the level of 8000 and continuing growth to an area above the level of 8550, an additional signal for the growth of the Bitcoin rate will be a test of the support line on the indicator of relative strength index (RSI).


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