Bitcoin Trend 24-01-2017

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Bitcoin price made new test to the EMA50  that proved its strength against the negative pressure, and the price  rebounds bullishly in attempt to resume the main bullish trend, while  stochastic provides clear positive signal on the four hours' time frame.   

Therefore, these factors encourage us to  continue suggesting the bullish trend in the upcoming period, reminding  you that the waited targets begin at 990.00 and extend to 1050.00,  while achieving them conditions holding above 851.00. 

  

Expected trading range for today is between 885.00 support and 1000.00 resistance   

Expected trend for today: Bullish 

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