Bitcoin price is affected by negative momentum - Analysis - 29-09-2017

The price is showing some bearish bias after testing the 4236.52 level, where the price is affected by stochastic negativity, noting that the indicator is shedding its negative momentum significantly to reach oversold levels, supporting the chances of rebounding upwards to resume the main bullish trend.

In general, we continue to push the overall bullish trend unless 3776.64 is broken and stability below it, noting that a break of 4236.52 will open the way for the upside wave to target the previously recorded peak at 4979.90 as the next major station.

The trading range for today is among the support at 3900.00 and resistance at 4300.00

The general trend expected for today: Overall bullish