Bitcoin price around the resistance – Analysis - 22-07-2019

Bitcoin price fluctuates around 10600.00 and moves below it now after attempting to breach it in the previous sessions, noticing that the EMA50 forms additional resistance barrier against the price, while stochastic loses its positive momentum gradually.

Therefore, we believe that the way is open to resume the bearish trend in the upcoming sessions, which targets 9855.80 followed by 8936.30 levels as next main stations, noting that confirming breaching 10600.00 will push the price to achieve gains that start at 11342.10.

The expected trading range for today is between 9855.80 support and 11000.00 resistance

The expected trend for today: Bearish