Bitcoin price completes the negative pattern – Analysis - 17-10-2019
Economies.com
2019-10-17 04:54AM UTC
Bitcoin price managed to break the bearish flag’s support line mentioned in our recent reports and settled below it, to activate the negative effect of this pattern, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, reminding you that the expected targets begin at 7736.50 followed by 7490.00.
Therefore, we are waiting for more decline today supported by the EMA50, noting that holding below 8265.00 is important to continue the expected bearish trend.
The expected trading range for today is between 7490.00 support and 8200.00 resistance
The expected trend for today: Bearish
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