Bitcoin Trend 29-03-2017

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Bitcoin begins today's trading with bearish bias to test the bullish trend line that carries the price since the beginning of this year, accompanied by stochastic head towards the oversold areas, in attempt to get enough positive momentum to push the price to resume the bullish trend.

We will continue to suggest the bullish trend after the recent breach to the correctional bearish channel's resistance that appears on the above chart, waiting to target 1089.18 followed by 1169.00 levels mainly, noting that the continuation of the suggested rise depends on holding above 970.00 and 960.16 levels.
Expected trading range for today is between 960.16 support and 1100.00 resistance
Expected trend for today: Bullish

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