Bitcoin achieves historical gains

14 August, 2017

Bitcoin price rallied upwards very strongly to surpass our targets mentioned in our recent reports and continue soaring bullishly to approach from 4200$ barrier, hinting the strength of the bullish trend on the long term basis, as trading settles now above 4000$ barrier, noticing that stochastic shows oversold signals now.

Therefore, we believe that the chances are valid to continue rising in the upcoming period, and breaching 4110.00 will extend the bullish wave to reach 4410.00 as a next main station, while the expected rise will remain valid unless breaking 3950.00 level, as breaking this level will push the price to start short term bearish correction, its targets begin at 3804.00 and might extend to 3684.00 before any new attempt to rise.

Expected trading range for today is between 3950.00 support and 4410.00 resistance. Expected trend for today: Bullish


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