The price of bitcoin (BTCUSD) finds a strong support formed by the 50th moving average, which hinders the price’s task with a decline, waiting for a negative stimulus that contributes to pushing the price to exceed the current support around 27180.00 to open the way to heading towards our main expected target at 26640.85.
From here, the downtrend scenario will remain in place and effective for the coming period unless the price rushes to break through the level of 28325.00 and hold above it.
The expected trading range for today is between support 26800.00 and resistance 27800.00
