Bitcoin BTC/USD is trading at 8155. Cryptocurrency continues to move within the bullish trend. At the moment, we expect Bitcoin correction in the support area at 7950. Further, the rebound and the continued growth of BTC/USD are above the level of 8800.
Bitcoin (BTC/USD) forecast for today November 24, 2017
A strong signal in favor of the growth of the cryptocurrency will come from the support line test on the Stochastic indicator. The conservative area for buy is near the level of 7700. The abolition of the variant of Bitcoin growth will be a breakdown of the level of the lower moving average and the closing below 7350, which will indicate the continuation of the decline in the cryptocurrency and the likely change of the trend in favor of the bearish trend.
Bitcoin (BTC/USD) forecast for today November 24, 2017 involves trying to test the support level near 7950 and continuing growth in the area above the level of 8800, an additional signal for the growth of the Bitcoin rate will be an bullish trend line test on the indicator Stochastic.
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