Bitcoin price keeps its negative stability – Analysis - 01-11-2019

Bitcoin price attempted to breach 9255.00 yesterday but it returns to settle below it, and by taking a deeper look at the chart, we find that the price draws negative pattern that its confirmation line located at 9075.00, which means that breaking this level will provide strong negative motive that supports the expectations of continuing the bearish trend in the upcoming period.

Therefore, the bearish trend will remain expected conditioned by the price stability below 9255.00, noting that our waited targets begin at 8880.00 and extend to 9510.00 after breaking the previous level.

The expected trading range for today is between 8700.00 support and 9500.00 resistance

The expected trend for today: Bearish