Bitcoin price tests the support – Analysis - 04-11-2019

Economies.com
2019-11-04 05:53AM UTC

Bitcoin price keeps its stability below 9255.00 level, testing the intraday support line located now at 9110.00, waiting to break this level to confirm the continuation of the bearish trend in the upcoming sessions, which targets 8880.00 level initially.

 

Therefore, we will keep our bearish overview unless breaching 9255.00 level and holding above it, noting that surpassing the first target will push the price to 8510.00 as a next main station.

 

The expected trading range for today is between 8700.00 support and 9500.00 resistance

The expected trend for today: Bearish

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