Bitcoin insight analysis BTCUSD Bullish Trend continues November 22, 2017

Bitcoin insight analysis BTCUSD Bullish Trend continues November 22, 2017

Bitcoin insight analysis BTCUSD Bullish Trend continues November 22, 2017

  • Bitcoin BTC/USD is trading at 8166.
  • signals indicating a bullish trend in Bitcoin.
  • continue growing with the target near 8650.

Earlier, a weak signal was received for the buy of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 6350.

CURRENCY TRADERS  BTCUSD Bullish Trend Bitcoin BTC/USD is trading at 8166. Cryptocurrency is trading above the upper level of the  Cloud, signals indicating a bullish trend in Bitcoin. The test area of signal lines near the 7940 level is expected, from which it is expected to rebound and continue growing with the target near 8650. An additional signal in favor of the growth of the cryptocurrency will come from the lower channel test.


BTCUSD Bullish Trend

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Earlier, a weak signal was received for the buy of Bitcoin cryptocurrency due to the crossing of signal lines at the level of 6350. The abolition of the variant of Bitcoin quotations growth will be the breakdown of the lower boundary of the  Cloud with the closing of quotations below the 6800 area, which will indicate a change in the bullish trend in favor of the bearish trend. Expect an acceleration in the growth of quotations BTC/USD stands with a breakdown of the level of 8250.


Bitcoin Analysis

DateOpenHighLowCloseVolumeMarket Cap
Dec 11, 201715427.4017513.9015404.8016936.8012,153,900,000258,147,000,000
Dec 10, 201715168.4015850.6013226.6015455.4013,433,300,000253,782,000,000
Dec 09, 201716523.3016783.0013674.9015178.2013,911,300,000276,415,000,000
Dec 08, 201717802.9018353.4014336.9016569.4021,136,000,000297,787,000,000
Dec 07, 201714266.1017899.7014057.3017899.7017,950,700,000238,600,000,000
Dec 06, 201711923.4014369.1011923.4014291.5012,656,300,000199,390,000,000
Dec 05, 201711685.7012032.0011604.6011916.706,895,260,000195,389,000,000
Dec 04, 201711315.4011657.2011081.8011657.206,132,410,000189,172,000,000
Dec 03, 201711082.7011858.7010862.0011323.206,608,310,000185,258,000,000
Dec 02, 201710978.3011320.2010905.1011074.605,138,500,000183,490,000,000
Dec 01, 201710198.6011046.709694.6510975.606,783,120,000170,436,000,000
Nov 30, 20179906.7910801.009202.0510233.608,310,690,000165,537,000,000
Nov 29, 201710077.4011517.409601.039888.6111,568,800,000168,367,000,000
Nov 28, 20179823.4310125.709736.3010058.806,348,820,000164,104,000,000
Nov 27, 20179352.729818.359352.729818.355,653,320,000156,221,000,000
Nov 26, 20178789.049522.938775.599330.555,475,580,000146,789,000,000
Nov 25, 20178241.718790.928191.158790.924,342,060,000137,632,000,000
Nov 24, 20178074.028374.167940.938253.695,058,610,000134,816,000,000
Nov 23, 20178232.388267.408038.778038.774,225,180,000137,444,000,000
Nov 22, 20178077.958302.268075.478253.553,633,530,000134,851,000,000
Nov 21, 20178205.748348.667762.718071.264,277,610,000136,967,000,000
Nov 20, 20178039.078336.867949.368200.643,488,450,000134,167,000,000
Nov 19, 20177766.038101.917694.108036.493,149,320,000129,595,000,000
Nov 18, 20177697.217884.997463.447790.153,667,190,000128,425,000,000
Nov 17, 20177853.578004.597561.097708.994,651,670,000131,026,000,000
Nov 16, 20177323.247967.387176.587871.695,123,810,000122,164,000,000
Nov 15, 20176634.767342.256634.767315.544,200,880,000110,667,000,000
Nov 14, 20176561.486764.986461.756635.753,197,110,000109,434,000,000
Nov 13, 20175938.256811.195844.296559.496,263,250,00099,029,000,000
Nov 12, 20176295.456625.055519.015950.078,957,350,000104,980,000,000
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Cryptocurrency Benefits and Drawbacks

Cryptocurrencies make it less complicated to transfer price range among two events in a transaction; these transfers are facilitated via using public and private keys for security functions. These fund transfers are executed with minimum processing prices, allowing users to keep away from the steep fees charged by maximum banks and monetary institutions for twine transfers.

Valuable to the genius of bitcoin is the blockchain it uses to store an internet ledger of all the transactions that have ever been carried out using bitcoins, imparting a statistics structure for this ledger that is uncovered to a restricted hazard from hackers and can be copied throughout all computers running bitcoin software. Many professionals see this block chain as having important uses in technology, which includes online voting and crowdfunding, and major monetary establishments along with jp morgan chase see capacity in cryptocurrencies to decrease transaction fees with the aid of making fee processing greener.

But, because cryptocurrencies are virtual and do no longer have a valuable repository, a digital cryptocurrency stability may be worn out by a laptop crash if a backup copy of the holdings does no longer exist. When you consider that charges are primarily based on deliver and call for, the price at which a cryptocurrency can be exchanged for another forex can differ widely.

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Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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