Mid-day update of the price of Bitcoin 11-08-2017
The price of positive trading has resumed significantly to start the breach of 3490.00 now, which supports the continuation of our expectations for the uptrend effectively during the coming sessions, supported by the 50 moving average which continues to carry the price from below, waiting for targeting 3600.00 and 3750.00 levels which represent the following main stations.
Stability above 3098.00 is an important condition for the continuation of the expected rally, as breaching it will press the price to start a short term bearish correction, whose main targets start at 2855.90 and extend to 2464.00 before any new attempt to rise.
The trading range for today is among the support at 3200.00 and resistance at 3600.00
The general trend for today is bullish
thanks for update
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