Bitcoin Trend 01-02-2017

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Bitcoin price succeeded to breach the  neckline of the inverted head and shoulders' pattern that appears on  chart, to activate the positive effect of this pattern, which forms  positive motive that supports the chances of heading towards our next  main target at 1068.00, noting that the full targets of the mentioned  pattern reach to 1110.00.   

Therefore, our bullish overview will  remain valid efficiently in the upcoming period, noting that the  continuation of the expected rise depends on the stability above 933.00  and the most important above 851.00.   

Expected trading range for today is between 930.00 support and 1068.00 resistance   

Expected trend for today: Bullish 

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