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Bitcoin price achieved clear break to 1169.00 level and settled with a daily close below it, opening the way towards the extension of the bearish correctional wave, targeting 38.2% Fibonacci level at 1089.18 as a next main station.
Therefore, the bearish bias will be preferred in the upcoming sessions supported by the negative pressure that formed by the EMA50, pointing that breaching 1169.00 then 1218.00 levels will stop the current bearish correction and leads the price to regain its main bullish track.
Expected trading range for today is between 1089.18 support and 1200.00 resistance
Expected trend for today: Bearish
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