Bitcoin price resumes rising – Analysis - 19-12-2018

Bitcoin price ended yesterday’s trading with clear rise, and begins today with more rise to approach our waited target at 3920.00, reinforcing the expectations of continuing the bullish trend on the intraday and short term basis, noting that breaching this level will extend the bullish wave to reach 4424.00.

The EMA50 carries the price from below, reinforcing the chances of achieving more gains in the upcoming sessions, taking into consideration that the continuation of the bullish trend conditions holding above 3350.00.

Expected trading range for today is between 3500.00 support and 4100.00 resistance

Expected trend for today: Bullish