Bitcoin BTC/USD completes the trading week near area 8012. Cryptocurrency is traded above the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in Bitcoin. A support level test is expected near the 7300 area, from which it is expected to attempt a rebound and continue the development of the bullish trend with a target above the level of 9500.
Bitcoin weekly forecast on November 20 — 24, 2017
Earlier, a medium strength signal was obtained to buy Bitcoin cryptocurrency, by crossing the signal lines at 3950. Canceling the growth scenario for Bitcoin breakdown of the lower boundary level. The indicator clouds and the closing are below 5700, which indicates a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations is with the breakdown of the upper boundary of the bullish channel and the closing above the level of 8700.
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