Bitcoin Price Within Positive Form - Analysis - 23-11-2017

The price of the last formation is confined to a bullish triangle pattern that shows its features. Therefore, breaching its resistance at 8275.00 will provide a positive catalyst to support the continuation of the overall bullish trend to surpass the recent high at 8354.46 and open the way for the gains of the formation price to reach 9000.00. Dollars.

Therefore, we will continue to bias the bullishness in the coming sessions supported by the 50 MA which continues to carry the price from the bottom, noting that the break of 8025.00 will press the price to start a short term bearish correction, which starts at 7715.00 and may extend to 7320.00 before any new attempt to rise.

The trading range for today is expected among the support at 7930.00 and resistance at 8500.00

The general trend for today is bullish