Bitcoin price hits the extended target – Analysis - 27-05-2019

Bitcoin price rallied upwards sharply to succeed achieving our second waited target at 8800.00 and settles near it now, and we believe that the way is open to keep achieving gains in the upcoming sessions, as the price is organized inside the bullish channel that appears on the chart, waiting to test 9000.00 followed by 9350.00 levels as next main stations.

Therefore, we are waiting for more rise on the intraday and short term basis, noting that holding above 8328.80 represents the first condition to continue the suggested bullish wave.

The expected trading range for today is between 8500.00 support and 9000.00 resistance

The expected trend for today: Bullish