Bitcoin below the moving average – Analysis - 26-02-2018

Bitcoin price keeps fluctuating in sideways track, settled below the EMA50, to keep the negative pressure valid until now, and the effect of the previously completed head and shoulders pattern active, waiting for more of the downside moves that targets testing 8643.35 level mainly.

Therefore, we will keep our bearish trend expectations in the upcoming sessions unless breaching 10748.00 and holding above it, pointing that breaking the targeted level will extend the losses to reach 6039.30.

Expected trading range for today is between 8643.00 support and 10400.00 resistance

Expected trend for today: Bearish