Bitcoin price attempts to recover – Analysis - 21-10-2019
Economies.com
2019-10-21 04:53AM UTC
Bitcoin price provided clear positive trades in the previous sessions to test the key resistance 8265.00, noticing that stochastic loses its positive momentum to enter the overbought areas, waiting to motivate the price to decline again.
Therefore, the bearish trend scenario will remain suggested for the upcoming period unless breaching 8265.00 level and holding above it, as this breach will push the price to achieve additional gains that reach 8815.00, while our main targets located at 7736.50 followed by 7490.00.
The expected trading range for today is between 7736.50 support and 8500.00 resistance
The expected trend for today: Bearish
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