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Bitcoin price bounced downwards sharply yesterday after the price succeeded to reach our main waited target at 1075.00, which represents the long term bullish channel's resistance, to retest the previously breached neckline of the inverted head and shoulders' pattern that appears on chart, as the price kept its stability above this level, to rise and recover some of yesterday's losses.
Now, we expect the return of the positive attempts after the breached neckline hold against the mentioned sharp decline, which forms key support now at 930.00, supported by stochastic positivity that appears on the four hours' time frame, waiting to test 1075.00 areas again, noting that breaking 930.00 will put the price under more negative pressure that its main target located at 779.00.
Expected trading range for today is between 930.00 support and 1075.00 resistance
Expected trend for today: Bullish
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