Bitcoin price tested the key resistance 6500.00 and keeps its stability below it, accompanied by witnessing clear overbought signals through Stochastic, while the EMA50 continues to press negatively on the price.
Therefore, we believe that the chances are valid to resume the expected bearish trend on the intraday and short term basis, which its next targets located at 6040.00 followed by 5880.00, reminding you that it is important to hold below 6500.00 to continue the expected decline.
Expected trading range for today is between 5880.00 support and 6600.00 resistance
Expected trend for today: Bearish