Bitcoin price resumes its negative trading to settle around 3500.00 level, noticing that the price completed forming a double top pattern that appears on the chart, which adds more support to the expectations of continuing the bearish trend, which its next target located at 3110.00.
Therefore, we will continue to suggest the bearish trend in the upcoming period unless the price rallied to breach 3920.00 level and hold above it.
Expected trading range for today is between 3100.00 support and 3700.00 resistance
Expected trend for today: Bearish