Bitcoin price hits the first target – Analysis - 22-08-2019

Economies.com
2019-08-22 04:39AM UTC

Bitcoin price succeeded to achieve our first waited target at 9855.80 and settles there, as it begins today with more negativity to hint breaking the mentioned level followed by opening the way to extend the bearish wave to reach 8936.30 on the near term basis.

 

Therefore, the bearish trend will remain dominant in the upcoming sessions, noting that failing to confirm breaking 9855.80 might push the price to test 10600.00 areas again before any new attempt to decline.

 

The expected trading range for today is between 9300.00 support and 10200.00 resistance

The expected trend for today: Bearish

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