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Bitcoin price keeps rising to approach from the main waited target at 1075.00, which represents the long term bullish channel’s resistance, which requires monitoring the trading when reaching it, where breaching this level will confirm the extension of the bullish wave to target 1110.00 as a next main station, which represents the full target for the inverted head and shoulders pattern that appears in the image.
Therefore, we prefer the continuation of the bullish trend in the upcoming period supported by the EMA50, taking into consideration that breaking 990.00 level will stop the expected rise and pushes the price to test levels begin at 924.90 and it might extend to 779.00.
Expected trading range for today is between 1000.00 support and 1110.00 resistance
Expected trend for today: Bullish
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