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Bitcoin price shows sideways and tight trading settling around the EMA50, and we are still at the stage of forming the right shoulder of the inverted head and shoulders' pattern that its signs appear on chart, waiting to attack its neckline at 936.00 to activate the positive effect of the mentioned positive formation, which will lead the price to head towards 1050.00 direct.
In general, we will continue to suggest the bullish trend in the upcoming period unless breaking 851.00 level and holding below it, as breaking this level will push the price to head towards 779.00 – 745.00 areas before any new attempt to rise.
Expected trading range for today is between 870.00 support and 1000.00 resistance
Expected trend for today: Bullish
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