Bitcoin Trend 26-08-2016

Bitcoin price continues to move within  very tight track below the resistance line that appears on chart, which  declines now to 583.00, and we are still waiting to breach this  resistance to reinforce the expectations of continuing the main bullish  trend, which targets visiting the main bullish channel's resistance at  692.00.   In general, the bullish trend will  remain valid and active unless the price witnessed clear break to the  bullish channel's support -located now at 518.00- and settle below it.   

Expected trading range for today is between 538.00 support and 655.00 resistance   

Expected trend for today: Bullish

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