Bitcoin price returns to decline and move below the neckline of the double top pattern, which supports the continuation of our bearish overview in the upcoming period, supported by the negative pressure formed by the EMA50, waiting to head towards 3475.00 that represents our next main target.
Holding below 4150.00 is important to continue the expected decline, as breaching it will push the price to start recovery attempts that target 4500.00 followed by 5000.00 areas initially.
Expected trading range for today is between 3400.00 support and 4000.00 resistance
Expected trend for today: Bearish