Bitcoin Trend 04-11-2016
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Bitcoin price bounced downwards clearly yesterday after approaching from the bullish channel's resistance that appears on chart, but it kept its stability above the key support level 656.00, which is met by the EMA50 to add more strength to it, which keeps the chances valid to resume the positive attempts to visit the mentioned channel's resistance at 753.00.
Therefore, we will keep our positive overview for the upcoming period unless breaking 656.00 level and holding below it, as this break represents negative factor that will push the price to visit 584.00 areas before any new attempt to rise.
Expected trading range for today is between 656.00 support and 753.00 resistance
Expected trend for today: Bullish
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