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BITCOIN RECORDS NEW HIGHS - ANALYSIS - 12-12-2017

Bitcoin price succeeded to touch 17000.00$ barrier yesterday, and tests a new bullish channel's support now that its lines appear in the above chart, accompanied with stochastic reach to the oversold levels, which forms positive factor that we wait to assist to push the price to resume the rsie on the short and medium term basis.
Therefore, we belive that the chances are available for trading positively in the upcoming sessions, and the next main target at 17665.00. being aware that breakin 15270.00 level will put the price under negative pressure that tragets 13800.00 levels and might extend to 12875.00 before Any new attempt to rise.
Expected trading range for today is between 15270.00 support and 17665.00 resistance

Expected trend for today: Bullish

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