Bitcoin (BTC/USD) forecast on November 27 — December 1, 2017

Cryptocurrency Bitcoin (BTC/USD) is trading at 8953.66. Quotes of the cryptocurrency are traded above the moving average with a period of 55, which indicates the existence of a bullish trend for Bitcoin. At the moment, the quotes of the cryptocurrency are moving near the upper border of the Bollinger Bands indicator bars. A test of level 8220.50 is expected, from which one should expect an attempt to continue growth and further development of an upward trend with a target near the level of 10250.50.

Bitcoin (BTC/USD) forecast on November 27 — December 1, 2017

Bitcoin (BTC/USD) forecast on November 27 — December 1, 2017

The conservative buying area is located near the lower border of the Bollinger Bands indicator strip at the level of 5927.80. The abolition of the option to continue Bitcoin growth will be a breakdown of the moving average with a period of 55 and the closing of the pair quotes below the area of ​​5670.50, indicating a change in the bearish trend for BTC/USD. In the event of breakdown of the upper boundary of the bands of the indicator Bollinger Bands, one should expect an acceleration of growth.


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