Bitcoin price settles around 7490.00, noticing that stochastic loses its positive momentum and begins providing negative overlapping signal, which forms negative motive that we expect to push the price to resume the bearish trend in the upcoming period, which targets 7000.00 level as a next main station.
The EMA50 supports the suggested bullish wave, which its continuation conditions holding below 7735.00.
The expected trading range for today is between 7000.00 support and 7700.00 resistance
The expected trend for today: Bearish