Bitcoin price retests 8643.35 level now and keeps its stability below it, accompanied by witnessing clear overbought signals through stochastic, besides the negative pressure formed by the EMA50.
Therefore, we believe that the chances are valid to rebound bearishly and resume the expected bearish trend in the upcoming period, which its next target located at 6039.30, noting that breaching 8643.35 will push the price to test 10748.00 level before any new attempt to decline.
Expected trading range for today is between 7600.00 support and 9000.00 resistance
Expected trend for today: Bearish