Bitcoin price (BTCUSD) shows mixed trades – Forecast today – 09-07-2024

Expected Scenario

• Bitcoin price (BTCUSD) didn’t show stabile trades yesterday, as it attempted to break 56160.00$ again without managing to hold below it, starting today with bullish bias on its way to test the key resistance 58660.00$, and as we mentioned in our last report, these levels represent the next trend keys, and the price needs to surpass one of them to detect its next destination clearly.
• Note that the continuation of the positive trades and breaching the mentioned resistance will complete forming double bottom pattern that has the ability to push the price to achieve gains that start at 60325.00$ and extend to 62600.00$, while breaking the support will push the price to resume the main bearish track that its next target located at 51990.00$.

Expected Trading Range

Between 54600.00$ support and 60000.00$ resistance.