Bitcoin price under the negative pressure – Analysis - 14-08-2019

Bitcoin price broke 11342.10 level strongly, and begins today with more decline to achieve the first negative target at 10600.00, noticing that the price presses on this level in attempt to break it, which hints the price head to achieve more expected decline in the upcoming period, affected by the completion of the double top pattern that its signs appear on the chart.

Therefore, we suggest witnessing more bearish bias today, and the next target extends to 9855.80, while the expected decline will remain valid unless the price rallied to breach 11342.10 and hold above it.

The expected trading range for today is between 10000.00 support and 11000.00 resistance

The expected trend for today: Bearish