Bitcoin price returns to fluctuate around the EMA50, noticing that stochastic shows clear overbought signals, to form negative factor that we are waiting to motivate the price to rebound bearishly and resume the main bearish trend, to keep the bearish bias suggested in the upcoming sessions, waiting to head towards 5100.00 as a next station.
On the other hand, we should note that breaching 6600.00 will stop the expected decline and lead the price to achieve gains on the intraday and short term basis, to start the positive targets at 8643.35.
Expected trading range for today is between 5300.00 support and 6600.00 resistance
Expected trend for today: Bearish