Bitcoin Trend 12-09-2016

Bitcoin price provided negative trading  yesterday affected by stochastic negativity, to fluctuate around the  EMA50 that attempts to protect the recently suggested positive scenario.   In general, the bullish trend still  suggested on the intraday and short term basis as long as the price is  stable above the main bullish channel's support -located now at 533.50-,  and the price needs to gather enough positive momentum to push trading  to resume the bullish wave that its next main target located at 707.50.   

Expected trading range for today is between 560.00 support and 700.00 resistance   

Expected trend for today: Bullish 

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