Bitcoin price attempted to break the intraday bullish channel's support but the EMA50 succeeded to form solid support base that stopped the price negative attempt, to rebound bullishly and attempt to return to the bullish channel again, which supports the continuation of the bullish trend scenario on the intraday and short term basis.
Stochastic provides clear positive signals on the four hours' time frame, which reinforce the chances of achieving more gains in the upcoming period, noting that the waited targets begin at 990.00 and extend to 1050.00, while the price needs to hold above 851.00 to continue the suggested positive scenario.
Expected trading range for today is between 885.00 support and 1000.00 resistance
Expected trend for today: Bullish
Stochastic provides clear positive signals on the four hours' time frame, which reinforce the chances of achieving more gains in the upcoming period, noting that the waited targets begin at 990.00 and extend to 1050.00, while the price needs to hold above 851.00 to continue the suggested positive scenario.
Expected trading range for today is between 885.00 support and 1000.00 resistance
Expected trend for today: Bullish
