Bitcoin BTC/USD are trading at 3993 and continue to move as part of the correction. Cryptocurrency capitalization at the time of the publication of the forecast is $68 983 273 350. At the moment, we should expect an attempt to correct and test the resistance level near the 4150 area. Where again we can expect a rebound and an attempt to continue the fall of the Bitcoin exchange rate with a target below the level of 3355.
Bitcoin forecast & technical analysis November 27, 2018
In favor of reducing the BTC/USD quotes, a test of the resistance area on the relative strength index (RSI) will come out. And also test the upper limit of the downward channel. The cancellation of the Bitcoin exchange rate option will be a strong growth and a breakdown of the 4350 area. This will indicate the breakdown of the resistance area and the continued growth of the Bitcoin rate with a potential target at 4850. With the breakdown of the support area and the closure of cryptocurrency quotes below the level of 3650, we should expect confirmation of the decline in the digital asset rate .
Bitcoin forecast & technical analysis November 27, 2018 suggests an attempt to test the resistance level near the 4150 area. And further, the cryptocurrency decline continues with a potential target at 3355. An additional signal in favor of the Bitcoin exchange rate is the test of the trend line on the relative strength index (RSI). Cancellation of the option to reduce cryptocurrency will be a strong growth and the breakdown of the 4350 area.
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