The price of Bitcoin completes positive composition - analysis - 19-12-2017
The price of the Bitcoin has completed forming a bullish triangle pattern shown in the chart above and breached the resistance of this pattern to settle above it. This is a positive incentive that we expect to contribute the price to continue the main bullish trend, paving the way towards the next main target at 20800.00.
Thus, the upside will remain effective over the coming period, noting that a break of 19666.00 will facilitate the price action to achieve the above target, while a break of 18090.00 will negate the price to make further bearish correction, reaching the next target to 17116.00 before any new attempt to rise .
The trading range for today is among the support at 18500.00 and resistance at 20500.00
The general trend for today is bullish
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Your most welcome, Thanks for your interests. I appreciate that.
Indeed, a great insight on what price of Bitcoin is and probably what will be the changes in the near future.
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