Bitcoin price shows weak trades in the previous sessions and declines calmly, to continue moving inside the bearish channel that appears on the chart, falling under continuous negative pressure coming by the EMA50.
Therefore, the bearish trend scenario will remain valid in the upcoming sessions unless breaching 8643.35 level and holding above it, noting that the next target is located at 7000.00, which breaking it represents the key to extend the bearish wave to reach 6039.30 as a next main station.
Expected trading range for today is between 6800.00 support and 8000.00 resistance
Expected trend for today: Bearish