Bitcoin Trend 13-01-2017

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Bitcoin price ended yesterday’s trading  positively above 779.00 level, but it opens today with clear decline to  resume its main bearish track, targeting testing the main bullish  channel’s support at 730.00.   

Therefore, the bearish trend will remain  preferred in the upcoming sessions supported by the negative pressure  that comes from the EMA50, taking into consideration that the  continuation of the suggested bullish trend depends on the stability  below 840.00 level.   

Expected trading range for today is between 700.00 support and 840.00 resistance   

Expected trend for today: Bearish 

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