Bitcoin Trend 14-02-2017
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Bitcoin price keeps fluctuating near the EMA50 that forms good resistance at 1005.00 that decelerates the price attempt to resume the bullish trend, waiting for activating the effect of stochastic positive signals for motivating the price to surpass the mentioned resistance then rally towards our main expected target at 1080.00.
In general, the bullish trend scenario will remain active in the upcoming period unless witnessing clear break and stability below 930.00, which will lead the price to head towards the main bullish channel’s support at 779.00 before any new attempt to rise.
Expected trading range for today is between 950.00 support and 1080.00 resistance
Expected trend for today: Bullish
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