Bitcoin price faced strong negative pressure to break 3920.00 level and settles below it, which stops the correctional bullish scenario and presses the price to decline again, targeting heading towards 3500.00 followed by 3100.00 as next main stations.
Note that breaching 3920.00 will reactivate the bullish trend scenario that its next target located at 4424.00.
Expected trading range for today is between 3500.00 support and 4000.00 resistance
Expected trend for today: Bearish