Bitcoin price attacks the support – Analysis - 23-05-2019

Bitcoin price could not manage to achieve more gains in the upcoming sessions, to start pressing on the key support 7628.00 now and attempts to break it, which hints forming descending top that might push the price to return to the correctional bearish track again, making the bearish bias expected in the upcoming sessions, targeting 7195.00 areas initially.

We should note that failing to confirm breaking 7628.00 will stop the suggested negative scenario and push the price to recover again and achieve positive targets that begin at 8328.00.

The expected trading range for today is between 7200.00 support and 7900.00 resistance

The expected trend for today: Bearish