Written by Albert LibenzoncontributorReviewed by Cyril Gilsonformer editorDaily Bitcoin Price Analysis: Buyers are Confident in the Bitcoin Price Growth
Latest NewsPublishedNov 30, 2015
US dollar price has a trend to strengthen, therefore, it can roll back the Bitcoin price to $350 and could give new steam to Bitcoin.
By the end of the last week the BTC/USD pair has shown a steady price growth. On November 26th, 2015, the bearish trend retreated under the pressure from Bitcoin buyers, and the BTC/USD pair is currently trading at the level of $376.
Given the statistics for November, the US dollar price tends to strengthen, therefore, it has the potential to roll the Bitcoin price back to $350. After that a new impetus is expected to push Bitcoin to around $380-$400.
To date, the support level for Bitcoin price is at around $340, while the resistance level is $400.
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