Bitcoin price begins negatively – Analysis - 16-07-2019

Bitcoin price breached 10600.00 level yesterday and settled above it, but we notice that the price begins today with clear negativity to attack this level, affected by the negative overlapping signal that appears through stochastic, which supports the chances of breaking the mentioned level and achieve more decline in the upcoming sessions.

Therefore, we suggest witnessing negative trades today, and the first main target is located at 9855.80, taking into consideration that failing to achieve the required break will push the price to achieve more gains in the upcoming period.

The expected trading range for today is between 9800.00 support and 11000.00 resistance

The expected trend for today: Bearish