Bitcoin Trend 06-03-2017

in bitcoin •  8 years ago  (edited)

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Bitcoin price shows sideways trading  recently after testing 1300.00 barrier, to fluctuate around 1260.00 now,  as the price still inside the bullish channel that appears on chart,  while the EMA50 continues to provide the positive support to the price.   

Therefore, the bullish trend scenario  will remain active in the upcoming period, which its next main target  located at 1355.00, taking into consideration that breaking 1232.00 will  complete forming double top pattern that has the ability to stop the  bullish wave temporarily and push the price to start bearish correction  on the intraday basis.   

Expected trading range for today is between 1215.00 support and 1355.00 resistance  

Expected trend for today: Bullish 

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