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The tight range dominates Bitcoin price recent trading, keeping its stability above the EMA50, and the price needs enough positive momentum to push trading to resume the bullish trend, which its targets begins by breaching the neckline of the inverted head and shoulders' pattern at 934.00 to open the way to head towards 1050.00.
Therefore, our bullish overview will remain valid on the intraday and short term basis, reminding you that breaking 851.00 level will stop the expected rise and push the price to target 779.00 areas before any new positive attempt.
Expected trading range for today is between 870.00 support and 1000.00 resistance
Expected trend for today: Bullish
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