Bitcoin Trend 03-02-2017

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Bitcoin price trades with clear  positivity to confirm surpassing 1000.00 barrier and settles above it,  reinforcing the expectations of continuing the bullish trend in the  upcoming period, and the way is open to visit the main bullish channel's  resistance at 1070.00.   

Therefore, we are waiting for more  bullish bias on the intraday and short term basis, which gets continuous  support by the EMA50, noting that holding above 945.00 represents key  condition to continue the suggested bullish wave.   

Expected trading range for today is between 970.00 support and 1070.00 resistance 

Expected trend for today: Bullish 

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