Bitcoin Trend 07-11-2016

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Bitcoin price hovers around 700.00 level  keeping its stability above it, noticing that stochastic moves inside  the oversold areas now and starts to overlap positively on the daily  time frame, while the EMA50 keeps supporting the price from below.   

Therefore, these factors encourage us to  continue suggesting the bullish bias in the upcoming sessions, waiting  to target 756.50 level mainly, reminding you that it is important to  hold above 656.00 to continue the suggested rise.   

Expected trading range for today is between 656.00 support and 756.50 resistance   

Expected trend for today: Bullish 

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