Bitcoin price within a continuation pattern – Analysis - 29-10-2019

Bitcoin price’s recent trades confined within bullish pennant pattern that its signs appear on the chart, which means that breaching 9755.00 will provide good positive motive that supports the expectations of continuing the bullish trend on the intraday and short term basis, which its next target located at 10900.00.

Stochastic provides positive overlapping signal that we expect to motivate the price to achieve the required breach, thus, we will continue to suggest the bullish trend for the upcoming period unless breaking 9150.00 level and holding below it.

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

The expected trend for today: Bullish