Bitcoin price begins negatively – Analysis - 11-11-2019

Bitcoin price achieved an intraday gains yesterday to approach from 9255.00 level, but it begins today with a clear bearish bias in its way to test 8880.00 level, supported by stochastic current negativity, waiting for breaking this level to confirm the extension of the bearish wave to 8510.00 as a next main target.

Therefore, the bearish trend scenario will remain valid and active in the upcoming period unless breaching 9255.00 level and holding above it.

The expected trading range for today is between 8500.00 support and 9300.00 resistance

The expected trend for today: Bearish