Bitcoin Trend 23-12-2016

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Bitcoin price shows more strong bullish  rallies to approach from our main waited target at 924.50, which  represents 76.4% Fibonacci correction level for the entire decline  measured from 1163.00 to 152.40, which urges monitoring the price  behavior when reaching it, as breaching it represents the key to  continue the bullish wave on the long term basis, which gets continuous  support by the EMA50.   

The bullish channel that appears on the  above chart encourages us to suggest breaching the above mentioned  target, thus, we believe that the way is open to extend gains to reach  1022.00 as a next main station, noting that holding above 876.24  represents the first condition to continue the current bullish rally.   

Expected trading range for today is between 876.24 support and 1000.00 resistance   

Expected trend for today: Bullish 

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