Expected trading for today is between 11200.00 support and 14200.00 resistance
Bitcoin price under negative pressure trying to break 13100.00 level,
and technical indicators, are signaling bearish pressure.
A Picture is Better Than One Thousand Words
Bitcoin price now is around 13300.00 and still under negative pressure supported by EMA50.
Breaking 13100.00 level and hold below it, will move the price probably towards 11100.00 level. If this happened, I believe the buyers will return and push the price from 10700.00 - 11000.00 level ( significant support ) to the upside.
100 SMA is below 200 SMA so the bearish wave is more likely to continue than to reverse.
RSI indicate selloff momentum.
Stochastic indicate selling pressure.
Note, Breaching 14400.00 level and hold above it, will cancel the bearish wave and will push the price to resume the main bullish trend again.
Expected trading for today:
is between 11200.00 support and 14200.00 resistance.
Expected trend for today:
Bearish.
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