Bitcoin price did not show any strong move since morning, to continue fluctuating around the EMA50, settling below it, and stochastic keeps providing the negative signals on the four hours’ time frame.
Therefore, the bearish trend scenario will remain valid as it is without any change conditioned by the price stability below 6600.00 level, reminding you that our next main target reaches 5100.00.
Expected trading range for today is between 5300.00 support and 6600.00 resistance
Expected trend for today: Bearish