Midday Update for Bitcoin price 26-09-2017

The price has been forming sideways and narrow range since morning, waiting to get rid of the negative momentum shown by Stochastic and gain a positive momentum enough to push the price to continue the bullish trend during the coming period.

Overall, we will continue to weigh the bullish trend today, with stability above 3776.64 and support from SMA 50, with our next target at 4236.52.

The trading range for today is among the support at 3776.64 and resistance at 4236.52

The general trend for today is bullish