Bitcoin Trend / 13 - 02 - 2018 / Uptrend Likely Persist

 Expected trading for today is between 7600.00  support and 9300.00 resistance  

Bitcoin faces solid resistance at 8960.00 and now fluctuate below 8600.00 level, but technical indicators show the uptrend would likely persist.

What About Today !

• Bitcoin price now is around 8600.00 level. The trend for today is bullish, supported by a H&S bottom at 6k / 76.40% Fib, technical indicators and inverse head & shoulders on 5H.

• Breaching 8960.00 level and hold above it, will push the price toward 10700.00, followed by 11500.00 level, and might take to the price to 12600.00 level.

• 100 SMA is above 200 SMA so the upside move is more likely to continue.

• Stochastic is on the move up to suggest that buyers have the upper hand.

• RSI support the bullish pressure.

• Gap between the moving averages reflect strong bullish pressure.

• Note; Breaking 7600.00 level and hold below it, will push the price to test 6800.00 level, before any new attempt to raise.

Expected trading for today:
is between 7600.00 support and 9300.00 resistance.

Expected trend for today :
Bullish.

Medium Term:
Bullish.

Long Term:
Bullish.

The low of 2018:
5947.00 / H&S bottom.

The high of 2018:
25000.00 level.

YOU SHOULD NOT TAKE ANY MATERIAL POSTED ON THIS BLOG AS RECOMMENDATIONS. TO BUY OR SELL BITCOIN OR ANY OTHER INVESTMENT VEHICLE LISTED.

What You Know About --> Fibonacci Retracement in Trending Market.