Expected trading for today is between 10700.00 support
and 13400.00 resistance
Bitcoin price try now to test the support 11100.00 but
stochastic shows positive signals to motivate
the rise towards 12600.00 / 38.2% extension,
followed by 13000.00 / 50% extension.
Bitcoin price now is around 11400.00 on the fear zone but technical indicators indicate a pickup in bullish pressure that might move the price towards 13400.00 level / 61.8% extension.
RSI indicate that buyers have the upper hand.
Stochastic is on the move up to reflect bullish pressure.
More positive updates in South Korea regarding the operation of bitcoin exchanges support the bullish wave.
Note, Breaking 10700.00 level and hold below it, will cancel the bullish wave as the bullish trend will remain valid unless clear break below this level.
Expected trading for today:
is between 10700.00 support and 13400.00 resistance.
Expected trend for today:
Bullish.
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