Bitcoin Trend 12-01-2017

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Bitcoin price continues to suffer strong  losses to surpass our first main target at 779.00 and settles below it,  which puts the price under more negative pressure that leads the price  to visit our next main target at the main bullish channel's support at  730.00.   

Therefore, the bearish bias will remain  suggested in the upcoming sessions, being aware that it is important to  monitor the price behavior when reaching the targeted level, as breaking  it represents negative factor that will push the price to suffer more  losses that reach to 656.00 as a next main station, while holding  against the current pressure will lead the price to attempt to rebound  bullishly to continue trading inside the main bullish channel, and the  positive targets begin at 924.50.   

Expected trading range for today is between 700.00 support and 800.00 resistance   

Expected trend for today: Bearish 

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