Bitcoin Trend 02-10-2017 Midday Update / FUD Effect & Illegal Referendum in Spain

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• The ‘FUD’ effect and the “illegal” referendum in Spain on the independence of Catalonia helped the Bitcoin Price
  to reach 4400.00 level..

• Bitcoin try to to breach 4400.00 level and settles above it..

• Holding above 4400.00 level, will open the way to test 4600.00
  as first target and 4980.00 as second target..

• As long as the price can hold above the 50-day moving average, The bullish senasrio is valid..

• Clear downside break and hold below 4236.00 level, might move the price to test 3776.00 level again before any new attempt to rise...

 Expected trading for the rest of day is between 4200.00  support and 4600.00 resistance.  

Expected trading
for the rest day is between 4200.00 support and 4600.00 resistance..
Expected trend for the rest of day: Bullish..

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