Bitcoin (BTCUSD) is currently testing the support line of its bullish channel and remains stable above this level, maintaining the bullish trend outlook for the near term. The cryptocurrency is anticipated to advance towards the $70,000.00 level, with further targets at $71,200.00.
The EMA50 continues to support the expected bullish movement. However, a break below $67,050.00 could invalidate the bullish scenario, leading to a bearish correction on an intraday basis.
The projected trading range for today is between $66,500.00 for support and $70,000.00 for resistance.
Trend Forecast: Bullish
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