Expected trading for today is between 7200.00 support and 7600.00 resistance
to 7900.00 level before quickly retreating.
100 SMA is above 200 SMA so the rally is more likely to continue than to reverse / reflect weaker bullish momentum.
Stochastic is pointing up to show that buyers are in control.
RSI is turning lower so bitcoin price could follow suit.
EMA50 support the bullish trend.
Suspending the hard fork removed the uncertainty lingering over bitcoin price in the near-term, but traders are still wary of how this might impact the cryptocurrency’s capacity in the long run.
Breaching 7590.00 level and hold above it, confirm extending the bullish wave towards 8000.00.
Note, breaking 6915.00 and hold below it will push the price for bearish correction again towards 6500.00 level before any new attempt to rise.
Expected trading for today:
is between 7200.00 support and 7600.00 resistance.
Expected trend for today:
Bullish.
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