Daily Bitcoin Price Analysis: Buyers are Confident in the Bitcoin Price Growth

By the end of the last week the BTC/USD pair has shown a steady price growth. On November 26, 2015, the bearish trend retreated under the pressure from BitcoinCT r: 8 buyers, and theBTC/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 potentiall 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.

This post was published at Coin Telegraph on 2015-11-30.