Bitcoin Trend 17-11-2016 / Midday Update
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Bitcoin price continues to trade positively to approach gradually from our main waited target at 764.00, which represents the main bullish channel's resistance that appears on chart, which urges monitoring the price behavior when reaching it, as breaching this level represents the key to extend the price gains on the medium term basis to head towards 900.00, while the resistance stability against the price current rally might for it to rebound bearishly and start bearish wave according to the trading rules inside the price channels.
In general, the bullish bias will remain suggested for today supported by stochastic positivity, unless breaking 691.00 followed by 657.70 levels and holding below them.
Expected trading range for today is between 720.00 support and 778.00 resistance
Expected trend for today: Bullish
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