End of day Bitcoin price (BTCUSD) forecast update – 18-07-2024

Brent oil price trades negatively now to test the key support 85.20$, which represents one of the next trend keys, and as we mentioned this morning, the price needs to break this support or breach 85.80$ resistance to confirm the next destination clearly, which keeps our neutrality valid until now.

We remind you that breaking the mentioned support will put the price under negative pressure that its targets begin at 84.10$ and extend to 82.74$, while breaching the resistance will lead the price to resume the main bullish track and achieve positive targets that start at 86.95$ followed by 88.50$.

The expected trading range for today is between 84.30$ support and 87.40$ resistance.

Trend forecast: Neutral