Bitcoin Price Technical Analysis for 27/11/2015 - Potential Correction Levels

Bitcoin Price Technical Analysis for 27/11/2015 - Potential Correction Levels

Bitcoin Price Key Highlights. Bitcoin price recently made a strong upside break from a consolidation pattern, indicating that buying pressure is building up and that an uptrend might take place. A bit of hesitation can be seen right now, though, so a correction to the short-term Fib levels might be needed before more bulls come out to play. Bitcoin price could retreat to any of the Fibonacci retracement levels marked on the 1-hour time frame before resuming is climb to the previous highs or beyond. Technical Signals Favor Rallies. Even though a bit of selling pressure could come into play....


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