Bitcoin provided new strong negative trading yesterday after completing the formation of a bearish trigonometric pattern, with the image appearing, to attack the $ 8000.00 barrier, which supports our continuation of the bearish trend over intraday and short term, and we believe that the path is open to achieve our awaited target at 7491.65.
Therefore, we are waiting for further declines in the coming sessions, taking into consideration that a breach of 8420.60 might force the price to test 8970.00 areas initially before any new negative attempt.
Expected trading range for today is between 7490.00 support and 8400.00 resistance
Expected trend for today: Bearish.