The price of the bitcoin is creeping downwards - Analysis - 28-05-2018

The bitcoin price shows a weak trading session in the last sessions and is quietly dropping, continuing to move within the descending channel appearing in the image, and is under continuous negative pressure from SMA 50.

Therefore, the downside scenario will remain in the coming sessions unless the 8643.35 level is breached and stability above it, noting that the next target is at 7000.00, which is broken by the downlink key to reach 6039.30 as the next major stop.

The trading range for today is among the support at 6800.00 and resistance at 8000.00The general trend for today is bearish