Midday update for bitcoin 10-08-2018

Bitcoin price resumes its negative trading after touching the bearish channel’s resistance that appears on the chart, and stochastic begins to provide negative overlapping signal on the four hours’ time frame, which supports the continuation of our bearish overview in the upcoming sessions, which its targets begin at 6039.30 and extend to 5500.00 after breaking the previous level, reminding you that it is important to hold below 6600.00 to continue the expected decline.

Expected trading range for today is between 5800.00 support and 6800.00 resistance

Expected trend for today: Bearish