Bitcoin price gets a negative signal – Analysis - 19-08-2019

Bitcoin price provided clear positive trading in the previous sessions to approach 10600.00 level, accompanied by stochastic loss to the positive momentum and starting to provide negative overlapping signals, which forms negative motive that we are waiting to push the price to resume the main bearish trend, which its targets begin by testing 9855.80 level.

Therefore, we will keep our bearish overview conditioned by the price stability below 10600.00, reminding you that breaking the targeted level will extend the bearish wave to reach 8936.30 as a next main station.

The expected trading range for today is between 9700.00 support and 10600.00 resistance

The expected trend for today: Bearish