Bitcoin Trend 28-12-2016

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Bitcoin price resumed its bullish rally  to breach 924.50 strongly and close the daily candlestick above it,  which supports the continuation of our bullish trend expectations  efficiently for the upcoming period, opening the way to visit 1025.00  level that represents our next main target.   

Therefore, the bullish trend scenario  will remain valid on the short term and medium term basis, organized  inside the bullish channel that appears on chart, supported by the  EMA50, noting that holding above 924.50 represents key initial condition  to continue the expected rise.   

Expected trading range for today is between 900.00 support and 1025.00 resistance   

Expected trend for today: Bullish 

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