Wednesday 11 October 2017

Analysis - 12-10-2017 - Bitcoin gets positive motive

Bitcoin gets positive motive – Analysis - 12-10-2017
Bitcoin price managed to build support base above 4800.00 level, to support the continuation of the bullish trend expectations, noticing that stochastic shows clear positive signals on the four hours' time frame, waiting to motivate the price to resume the bullish trend in the upcoming sessions, which its first target located at 4979.90.

Breaching the mentioned level will extend Bitcoin price gains to reach 5400.00 as a next main station, while holding above 4535.00 represents the first condition to continue the suggested bullish wave.

Expected trading range for today is between 4650.00 support and 5100.00 resistance
Expected trend for today: Bullish

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