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Bitcoin succeeded to surpass our initial waited target at 1089.18 and rallied higher in its way towards our expected next target at 1169.00, which supports the continuation of the bullish trend scenario efficiently in the upcoming period, which gets good positive support from the EMA50.
We wait for more of the upside moves on the intraday and short term basis, and breaching 1169.00 will extend Bitcoin price’s gains to reach 1298.00 as a next main station, pointing that holding above 960.16 represents the most important condition for the continuation of the expected bullish trend.
Expected trading range for today is between 1055.00 support and 1200.00 resistance
Expected trend for today: Bullish
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