Bitcoin BTC/USD ends the trading week at 4319 and continues to move as part of the decline. At the moment, we should expect an attempt to correct and test the resistance area near the level of 5650. Where again we should expect a rebound and an attempt to continue the fall of the Bitcoin rate with a potential target below 3000.
Bitcoin weekly forecast November 26 — 30, 2018
A test of the trend line on the relative strength index (RSI) will be in favor of lowering the BTC.USD quotes on the current trading week on November 26 — 30, 2018. And also test the upper limit of the downward channel. Cancellation of the Bitcoin fall option will be a strong growth and a breakdown of the area of 5950. This will indicate a breakdown of the upper boundary of the channel and continued growth of BTC/USD with a potential target above the 7500 level.
Bitcoin weekly forecast November 26 — 30, 2018 suggests an attempt at a resistance area near the level of 5650. Then, the continuation of the cryptocurrency decline to an area below 3000. An additional signal in favor of Bitcoin depreciation will be the resistance line test on the relative strength index (RSI). Canceling the option of falling cryptocurrency quotes Bitcoin will make a strong growth and a breakdown of the area of 5950. In this case, we should expect continued growth.
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