Bitcoin price’s recent trades are confined within tight track, settling around 3400.00 level, and the price falls under continuous negative pressure that comes by the EMA50, to keep the bearish trend suggested in the upcoming period, which targets 3110.00 as a next station.
We remind you that breaking the mentioned level will extend the bullish wave to reach 2500.00 on the near term basis, while breaching 3605.00 will push the price to test 3920.60 areas before any new attempt to decline.
Expected trading range for today is between 3000.00 support and 3600.00 resistance
Expected trend for today: Bearish