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Bitcoin price pushed on the EMA50 in attempt to break it, but it returns to fluctuate around it now, as the price gets positive factor through stochastic, which protects the price from suffering more losses.
By taking a deeper look at the chart, we find that the price is drawing an inverted head and shoulders' pattern that its signs appear on image, which means that breaching 936.00 will activate the positive effect of this pattern followed by leading the price to rally towards 1050.00 areas direct.
Therefore, we will continue to suggest the bullish trend in the upcoming period, noting that holding above 851.00 represents key condition to continue the expected rise.
Expected trading range for today is between 880.00 support and 1000.00 resistance
Expected trend for today: Bullish
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