Bitcoin (BTCUSD) has recently surged past $67,070, establishing a foothold above this level and reinforcing the expectations of a continued bullish trend in both the short and medium term. The price remains within a bullish channel, with positive targets extending to $71,200.
The ongoing uptrend is supported by the EMA50, which is propelling the price from below. However, a drop below $66,310 followed by $65,485 could halt the bullish momentum and initiate a bearish correction on an intraday basis.
Today’s expected trading range is between $66,500 for support and $70,100 for resistance.
Trend Forecast: Bullish
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