Bitcoin is stable - 20-01-2017

Bitcoin price settles inside the bullish channel that carries the price from 755.00 areas, to keep the bullish trend dominant on the intraday and short term trading, supported by stochastic and the EMA50 positivity.

Therefore, we believe that the way is open to continue rising in the upcoming period, and the targets begin by breaching 924.50 barrier to open the way to head towards 1050.00, noting that breaking 851.00 level will weaken the suggested positive scenario and push the price to decline again.

Note that there are chances to complete forming an inverted head and shoulders' pattern, the confirmation line is located at 909.00.

Expected trend for today: Bullish