Bitcoin BTC/USD is completing the trading week near the area of 9741. Cryptocurrency is trading above the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in Bitcoin. A test of the broken bullish channel is expected near the area of 9300, from which it is expected to attempt a rebound and continue the development of the bullish trend with a target above the level of 11500.
Bitcoin weekly forecast November 27 — December 1, 2017
Earlier, a signal of medium strength for buy Bitcoin cryptocurrency was obtained, by crossing the signal lines at 3950. Canceling the growth of quotations Bitcoin will become a breakdown of the level of the lower boundary. The indicator clouds and the closing are below 7300, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations is with the breakdown of the level of 10000.
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