Bitcoin price managed to reach the
bullish channel's resistance that appears on the above chart, and it
showed some temporary bearish bias but it returns to recover again, as
it kept its stability above 1700.00 barrier, which hints that the price
is on its way to resume the bullish trend again, waiting to test 1785.00
level as a next main station.
Therefore, the bullish trend will remain
suggested in the upcoming sessions, and breaching the mentioned level
will open the way to head towards 1900.00 on the near term basis, while
breaking 1670.00 will push the price to visit the bullish channel's
support around 1614.70 before turning back to rise again.
Expected trading range for today is between 1670.00 support and 1850.00 resistance
Expected trend for today: Bullish
with
M Samer Al Reifae
Official W3Coins Representative in East Europe & Middle East
samer@w3coins.com
+40 734 277 757
Official W3Coins Representative in East Europe & Middle East
samer@w3coins.com
+40 734 277 757
- YOU WILL NEVER TRADE ALONE -
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL BITCOIN, GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
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
