Bitcoin price resumes rising – Analysis - 23-07-2018

Bitcoin price begins today’s trading with clear positivity to start surpassing 7600.00$ barrier, which supports the continuation of the recently suggested bullish trend scenario, reinforced by stochastic positivity, besides that the EMA50 carries the price from below.

Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 7160.00, noting that our next main target is located at 7950.00, which breaching it represents the key to rally towards 8643.35 as a next main station.

Expected trading range for today is between 7200.00 support and 8200.00 resistance

Expected trend for today: Bullish