Bitcoin Price Analysis
Bitcoin (BTCUSD) is anticipated to resume its upward movement following a recent downturn, affirming a sustained bullish outlook in the near term. The forecast aims for initial key levels at $63,310 and $63,840, with potential advancement towards $65,485 upon surpassing the latter.
However, caution is warranted as technical indicators suggest the possibility of mixed trading and temporary downward movements. The continuation of the bullish trend hinges on Bitcoin maintaining stability above $60,330.
Expected Trading Range
- Support: $60,500
- Resistance: $64,400
Trend Forecast: Bullish
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