Bitcoin price continues to decline calmly to test 3400.00 barrier now, which keeps the bearish trend scenario active on the intraday and short term basis, supported by the EMA50, reminding you that our next target is located at 3110.00.
Note that breaking the mentioned level will extend Bitcoin price losses to reach 2500.00 as a next station, while holding below 3605.00 represents initial condition to continue the expected bearish trend.
Expected trading range for today is between 3000.00 support and 3600.00 resistance
Expected trend for today: Bearish