Expected Scenario
- The Bitcoin price provided clear positive trades in the previous sessions, as it attacked the 70000.00$ barrier. However, we notice that the price rebounds bearishly after placing a lower high as appears on the chart, which supports the chances of continuing the decline and achieving negative targets that start at 67080.00$ and extend to 65485.00$.
- Therefore, we expect to witness more bearish bias in the upcoming sessions, noting that breaching 70200.00$ will stop the expected decline and lead the price to achieve new gains on the intraday and short-term basis.
Expected Trading Range
Between 65500.00$ support and 70000.00$ resistance.
