Bitcoin price (BTCUSD) forecast update

Bitcoin Price Analysis (BTCUSD)

• Bitcoin price (BTCUSD) touched the 65390.00$ level and encountered solid resistance.
• This led to some temporary bearish bias, affected by stochastic negativity.
• However, the EMA50 continues to provide positive support to the price.
• Waiting for the bullish wave to resume and surpass the mentioned level, targeting additional gains up to 67330.00$.
• Therefore, we continue to suggest a bullish trend for the upcoming period.
• Failure to breach the mentioned resistance will stop the expected rise and push the price lower, targeting testing of 60252.85$ areas initially.

Expected Trading Range for Today:

• Support: 62200.00$
• Resistance: 66000.00$

Trend Forecast:

Bullish