Bitcoin price achieves strong gains – Analysis - 28-10-2019

Bitcoin price rallied upwards strongly to approach 10500.00$ barrier, as the price exited the bearish channel that appears on the chart, to turn to rise on the intraday and short term basis, on its way to achieve more expected rise in the upcoming period, as the next target is located at 10900.00.

Therefore, the bullish trend will be expected, supported by the EMA50, noting that breaking 8845.00 will stop the expected rise and push the price to return to the bearish channel again.

The expected trading range for today is between 9200.00 support and 10200.00 resistance

The expected trend for today: Bullish