Bitcoin price gets the positive momentum – Analysis - 24-09-2018

Bitcoin price fluctuates around 6700.00 level, and the positive effect of the double bottom pattern still active, noticing that stochastic gains the positive momentum on the four hours’ time frame, while the EMA50 provides the positive support to the price.

Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming period, which targets 6880.00 followed by 7188.00 levels as next main stations, noting that holding above 6500.00 is important to continue the expected rise.

Expected trading range for today is between 6400.00 support and 7200.00 resistance

Expected trend for today: Bullish