Bitcoin price ended yesterday’s trading below 9255.00, to support the continuation of our bearish trend expectations, and it needs to break the intraday support line that appears on the chart to open the way to rally towards our negative targets that begin at 8880.00 followed by 8510.00.
Stochastic loses its positive momentum to support the expectations to decline, noting that breaching 9255.00 might push the price to start recovery attempts that target testing 9720.00 areas before any new attempts to decline.
The expected trading range for today is between 8800.00 support and 9400.00 resistance
The expected trend for today: Bearish