Bitcoin Trend 09-01-2017

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Bitcoin price confirmed breaking 924.50  level after closing the daily candlestick below it, and after retesting  this level successfully, the price resumes its negative trading with the  beginning of today, approaching from the EMA50 that forms an important  support barrier at 857.00, therefore, breaking this level is required to  confirm the continuation of the bearish wave that targets 779.00 then  730.00 levels mainly.   

Therefore, our bearish trend  expectations remain valid and active for today, pointing that breaching  924.50 will stop the expected decline and leads the price to recovery  attempts that its main targets begin at 1040.00.   

Expected trading range for today is between 779.00 support and 950.00 resistance   

Expected trend for today: Bearish 

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