Bitcoin price tests the channel’s resistance – Analysis - 12-09-2019

Bitcoin price provided positive trading to test the intraday bearish channel’s resistance that appears on the chart, and the EMA50 meets this resistance to add more strength to it, while stochastic reaches the overbought areas.

Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, and the targets begin by breaking 9855.80 to open the way to head towards 9350.00 as a next main target, reminding you that the continuation of the bearish wave depends on the price stability below 10600.00.

The expected trading range for today is between 9500.00 support and 10400.00 resistance

The expected trend for today: Bearish