Bitcoin price (BTCUSD) has continued its robust ascent, breaking above the $63,230 level to reach the extended target of $65,480. There is potential for further gains as the price aims to surpass this level and target new highs around $67,065.
The bullish trend remains intact and supported by the EMA50, which continues to provide upward momentum. It’s important to note that a failure to breach $65,480 could lead to a bearish rebound, potentially forming a corrective wave targeting the $60,325 area before any renewed upward movement.
Today’s expected trading range is between support at $63,000 and resistance at $67,000.
Trend Forecast: Bullish
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