Bitcoin Trend 27-10-2016

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Bitcoin price rallied upwards clearly to  succeed to breach 656.00 level and settles with a daily close above it,  which reinforce our expectations of continuing the bullish trend in the  upcoming period, opening the way to head towards the main bullish  channel's resistance at 746.00 as a next main station.   

Therefore, we will continue to suggest  the bullish trend on the intraday and short term basis supported by the  EMA50, conditioned by the price stability above 625.00 and 573.00  levels.   

Expected trading range for today is between 656.00 support and 746.00 resistance   

Expected trend for today: Bullish 

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