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Bitcoin price ended yesterday’s trading positively above 779.00 level, but it opens today with clear decline to resume its main bearish track, targeting testing the main bullish channel’s support at 730.00.
Therefore, the bearish trend will remain preferred in the upcoming sessions supported by the negative pressure that comes from the EMA50, taking into consideration that the continuation of the suggested bullish trend depends on the stability below 840.00 level.
Expected trading range for today is between 700.00 support and 840.00 resistance
Expected trend for today: Bearish
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