Bitcoin price within tight track – Analysis - 17-04-2018

Bitcoin price continues to fluctuate within tight track, settling above 8000.00 barrier, thus, no change to the bullish trend scenario that depends on holding above 7730.00, supported by stochastic positivity that appears on the four hours’ time frame, besides moving above the EMA50.

Our main waited target is located at 8643.35, reminding you that breaching it will push the price towards 9000.00, while breaking 7730.00 will stop the expected rise and push the price back to its medium term bearish track again.

Expected trading range for today is between 7500.00 support and 8800.00 resistance

Expected trend for today: Bullish