Bitcoin price succeeded to surpass our first waited target at 6039.30 by today’s opening, starting the attempts to return to the bearish channel that appears on the chart, which supports the continuation of our bearish overview efficiently in the upcoming sessions, opening the way to head towards our next waited target at 5500.00.
Therefore, the bearish bias will remain dominant in the upcoming sessions unless breaching 6545.00 level and holding above it.
Expected trading range for today is between 5300.00 support and 6545.00 resistance
Expected trend for today: Bearish