Chart of The Week $BTCUSD 11-26-2016

On the Bitcoin weekly chart we can see consolidation around Pitchfork channel median line and 61.85 Fibo retracement of 2014-2016 swing down 722 level. Only a break and close above this level would warrant a 900 level test on the upside. Break below 687 would open downside and a retest of 580-600 zone.

Happy trading! (click on the chart to enlarge it)

Bitcoin technical analysis

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