Analytics for November 27, 2017

By the end of November, it is predicted that the price of Bitcoin, for the first time in its history, will reach the level of ten thousand dollars per Bitcoin.

BTC/USD

After the Bitcoin price tested a fairly strong support level at 5600.00 on Sunday, November 12, 2017, marking a local low of 5426.00, the BTC/USD pair has been showing steady growth for the third week towards the psychological level of 10,000.00 US dollars per Bitcoin. Judging by the purple channel, on a four-hour time frame, the walls of which are periodically tested by the growth curve, the price will reach the target level on November 28-29, 2017. However, analyzing the RSI indicators, which are near the 98 mark and signal that Bitcoin is overbought, we can assume that immediately after the record ten thousand, a correction will follow to the strong level of 8200.00, near which the price was sideways for five days from November 20 to November 25, and only after breaking through this range, on November 27, Bitcoin was able to set a record high, conquering the top 9760.00.

ETH/USD

Ether has a similar situation to the BTC/USD chart. At the beginning of November, the price of GAZ reached a local minimum at $275.77. After this, throughout the entire month the price tends to the psychological record of 500.00. However, on the way to the top there is a difficult resistance level - 460.00. The price broke through it several times, but after the correction it returned to flat in the range of 450.00 - 480.00. A breakdown of the upper limit of this side range and growth to the coveted mark of 500 is expected at the end of November 2017

DSH/USD

Dash also supports the upward trend of leading cryptocurrencies, demonstrating an enviable growth to the milestone of $660. However, having shown a maximum at the level of 655.00, the price went into a correction and for the last two days has been lying on its side in the area of ​​the range of 615 to 635. Breaking through the bottom of the range, the price several times relied on a strong support level in the area of ​​600.00. I think that the growth and breakdown of the 660 level will begin on November 28, after another rebound from the 600.00 mark