Bitcoin Trend 20-03-2017steemCreated with Sketch.

in bitcoin •  8 years ago 

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Bitcoin price traded with strong  negativity on last Friday and succeeded to touch our main target at  960.16, which represents 61.8% Fibonacci for the bullish wave measured  from 751.34 to 1298.00, noting that the price shows clear bullish  rebound from there, hinting the attempt to regain the bullish trend  again.   

Therefore, the bullish trend will be  suggested in the upcoming sessions, and breaching 1089.18 will reinforce  the expectations of more rise, as the positive targets begin at 1169.00  and extend to 1298.00, taking into consideration that breaking 960.16  will stop the expected rise and push the price to suffer more losses on  the short term basis.   

Expected trading range for today is between 960.16 support and 1169.00 resistance   

Expected trend for today: Bullish 

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