Bitcoin price hits the target – Analysis - 25-06-2018

Bitcoin price succeeded to reach our first waited target at 6039.30 and settles around it now, noticing that the price falls under clear negative pressure that reinforces the chances of continuing the bearish trend in the upcoming period, noting that our next target extends to reach 5110.00 on the near term basis.

Therefore, we will continue to suggest the bearish trend on the intraday and short term basis conditioned by the price stability below 6665.00, noting that the EMA50 keeps supporting the suggested bearish wave.

Expected trading range for today is between 5300.00 support and 6665.00 resistance

Expected trend for today: Bearish