Bitcoin Trend 19-01-2017

in #bitcoin8 years ago

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Bitcoin price continues to rise on the  intraday basis heading towards our first main waited target at 924.50,  noticing that the price is organized inside bullish channel that its  signs appear on chart, which reinforces the chances of achieving the  mentioned target followed by breaching it to open the way to extend the  bullish wave towards 1050.00.   

Therefore, we will continue to suggest  the domination of the bullish trend in the upcoming period, supported by  the EMA50, noticing that stochastic begins to overlap positively to add  more confirmation to the continuation of the bullish rally, noting that  holding above 851.00 represents key condition to continue rising today,  as breaking this level will push the price to test 779.00 areas  initially before any new attempt to rise.   

Expected trading range for today is between 837.00 support and 970.00 resistance   

Expected trend for today: Bullish 


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