BTC/USD are trading at 7101 and continue to move as part of the correction and the downward channel. Bitcoin cryptocurrency capitalization at the time of the publication of the forecast is $129 782 073 392. Moving averages indicate the presence of a short-term bearish trend for Bitcoin. As part of the cryptocurrency rate forecast for tomorrow, November 27, 2019, we should expect an attempt to drop the value of the digital asset and test the support level near the 6900 area. Where again we should expect a rebound and an attempt to continue the growth of the Bitcoin rate with the target above the area of 9275.
Bitcoin Forecast and Analysis BTC/USD November 27, 2019
An additional signal in favor of the growth of BTC/USD quotes will be a test of the broken trend line on the relative strength index (RSI). The second signal will be a rebound from the lower boundary of the downward channel. Cancellation of the Bitcoin exchange rate growth option will be a fall and a breakdown of the 6255 area. This will indicate a breakdown of the lower border of the channel and a continued fall of the Bitcoin exchange rate with a potential target at 5450. With the breakdown of the resistance area and closing of cryptocurrency quotes above 7905, we should expect confirmation of a growth in the digital asset rate.
Bitcoin Forecast and Analysis BTC/USD November 27, 2019 suggests an attempt to test the support level near the 6900 area. And then, the cryptocurrency will continue to grow with a potential target of 9275. An additional signal in favor of the Bitcoin exchange rate will be the support line test on the relative strength index (RSI) . Cancellation of the cryptocurrency growth option will be a fall and a breakdown of the 6255 area. This will indicate a continued fall with a potential target below the 5450 area.
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