Bitcoin recovers

14 November, 2017

Bitcoin price managed to breach 6500.00 level and hold above it, to activate the bullish trend scenario again and confirms stopping the bearish correction that dominated the recent trades, paving the way to head towards 7590.00 as a next main station, noting that breaching 6710.00 will ease the mission of achieving the mentioned target.

Therefore, the bullish trend will be suggested in the upcoming period supported by the price return to the bullish channel that appears on chart, noting that breaking 6500.00 will push the price to test 5825.90 areas again before any new attempt to rise.

Expected trading range for today is between 6500.00 support and 7200.00 resistance. Expected trend for today: Bullish


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