Monday, April 10, 2017

Bitcoin Trend 10-04-2017

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Bitcoin price managed to build good support base above 1169.00, to resume its positive trading organized inside the bullish channel that appears on the above chart, and it managed to breach key resistance line that reinforces the chances of continuing the bullish trend on the short term basis.


Therefore, our bullish overview will remain active in the upcoming period, and the next main target is represented by testing the recently recorded top at 1298.00, noting that breaking 1169.00 will stop the expected rise and push the price to test the correctional levels again, starting at 1089.18 followed by 1024.67.

Expected trading range for today is between 1169.00 support and 1300.00 resistance
Expected trend for today: Bullish

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YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS 
TO BUY OR SELL BITCOIN, GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. 
 Do your own due diligence. 
No one knows tomorrow's price or circumstance. 
 I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader. 
I do not accept responsibility for being incorrect in my speculations on market trend.