Bitcoin returns to the calm fluctuation – Analysis - 13-10-2016

2016-10-13 03:43:26 GMT (Economies.com)
 

Bitcoin price shows tight trading since yesterday settling around 635.00 level, while the EMA50 keeps providing the positive support to the price, to keep the bullish trend valid until now, organized inside the bullish channel that appears on chart, waiting to head towards 656.00 followed by 735.00 levels mainly.

 

We remind you that the continuation of the expected bullish trend depends on the stability above 560.00 and 538.00 levels.

 

Expected trading range for today is between 600.00 support and 700.00 resistance

Expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2165
-0.0008
0.0694%
1.4162
0.0026
0.1868%
Tadawul
10322.68
86.96
0.85%
27.515
-0.289
1.041%
65.000
-0.392
0.600%
68.35
0.03
0.04%
1834.695
-9.530
0.517%
 
 
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