Bitcoin (BTCUSD) Price Analysis
Expected Scenario
Bitcoin (BTCUSD) recently encountered negative pressure, bringing it close to the $60,330 level. However, stochastic indicators are now displaying clear positive signals, suggesting a potential resumption of the bullish trend on an intraday basis. The next target is set at $63,500.
If the price breaks above $62,420, it will confirm the formation of a positive pattern, opening the path to additional targets above $65,485. On the other hand, a break below $60,330 would halt the anticipated rise and could initiate a correctional bearish track.
Expected Trading Range
- Support: $60,000
- Resistance: $63,500
Trend Forecast: Bullish
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