Bitcoin Trend / 15-05-2017 / Midday Update

Thank You For Your Support and For Honoring Me With Your Up Vote...

Bitcoin broke the bullish  channel's support and attempts to hold below it, which turns the price  to decline and start bearish correction on the short term basis, to  start the negative targets at 1600.00, noting that breaking this level  will extend Bitcoin price losses to reach 1400.00 followed by 1345.00 on  the near term basis.   

The bearish bias will be  suggested in the upcoming sessions unless the price managed to breach  1740.00 level and hold above it again.   

Expected trading range for today is between 1600.00 support and 1800.00 resistance   

Expected trend for today: Bearish 

Source 

For more info, feel free to visit my Blog "Bitcoin World": http://lordoftruth.blogspot.com 

Thanks For Reading, 

Samer