Bitcoin price returns to test the key resistance 6530.00, which urges caution from the upcoming trading, as breaching this level will complete forming a positive pattern that has the ability to push the price to achieve gains on the intraday and short term basis and turn the trend to rise.
Until now, we will continue to suggest the bearish trend conditioned by the price stability below 6530.00, reminding you that our main targets begin at 6039.30 and extend to 5500.00.
Expected trading range for today is between 5900.00 support and 6800.00 resistance
Expected trend for today: Bearish