$BTC

Bitcoin (BTCUSD) price faced negative pressure to trade at the 50 moving average, which is now a good support at $98800.00, noting that the Stochastic indicator got rid of its negative momentum to reach the oversold areas, waiting to motivate the price to resume the main bullish trend, whose next targets are at $104060.00 and then $106000.00.

On the other hand, it should be noted that breaking $98800.00 will stop the bullish wave and pressure the price to incur immediate losses and test the $93405.00 areas before any new attempt to rise.

The expected trading range for today is between the support $97800.00 and the resistance $105000.00