Midday update for bitcoin 13-08-2018

Bitcoin price shows more bullish bias to surpass the resistance line mentioned this morning, approaching the EMA50 that forms key resistance at 6610.00, which urges caution from the upcoming trading, as breaching this level will stop the recently suggested bearish trend scenario and push the price to recover.

Until now, we will keep our bearish overview conditioned by the price stability below 6610.00, noting that the waited targets begin at 6039.30 and extend to 5500.00 after breaking the previous level.

Expected trading range for today is between 5800.00 support and 6600.00 resistance

Expected trend for today: Bearish