Bitcoin price succeeded to confirm breaching 3920.00 level after ending yesterday’s trading above it, which supports the expectations of extending the correctional bullish wave, to open the way to head towards 4424.00 that represents our next main target.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, supported by the EMA50, noting that breaking 3920.00 is considered as a first negative signal to stop the current positive scenario and the price return to decline again.
Expected trading range for today is between 3700.00 support and 4400.00 resistance
Expected trend for today: Bullish