Bitcoin price keeps its stability below the intraday bullish channel’s support line, falling under continuous negative pressure coming by the EMA50, while stochastic reaches the thresholds of the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend for today, which targets 6040.00 followed by 5880.00 levels initially, while holding below 6500.00 represents key condition to achieve the suggested targets.
Expected trading range for today is between 5880.00 support and 6500.00 resistance
Expected trend for today: Bearish