Midday update for bitcoin 11-01-2017
2017-01-11 11:11:55 GMT (Economies.com)
Midday update for bitcoin 11-01-2017

Bitcoin price resumes its negative trading clearly moving away from the critical resistance level at 924.50, where it begun to test the morning mentioned critical support at 858.00, which supports the continuation f our bearish trend expectations efficiently in the upcoming period, and its targets extend to reach 779.00 then 730.00.


Therefore, the negative pressure will remain valid for the rest of the day unless breaching 924.50 level and holding above it.


Expected trading range for today is between 779.00 support and 950.00 resistance

Expected trend for today: Bearish


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