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Bitcoin approaches from the resistance – Analysis - 20-10-2017
Bitcoin price continues to rise to approach gradually from the main bullish channel's resistance at 5845.00, and the price gets continuous positive support by the EMA50, waiting to breah the mentioned level to confirm extending the bullish wave towards 6220.00 followed by 6300.00 as next main stations.
In general, we will continue to suggest the bullish trend on the short term basis unless breaking 5415.00 level, as breaking this level will push the price to return to the correctional bearish track that its targets begin at 5168.00 and extend to 4748.00.
Expected trading range for today is between 5500.00 support and 5900.00 resistance
Expected trend for today: Bullish
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