Bitcoin (BTCUSD) concluded yesterday’s trading with notable positivity, successfully breaching the $64,880 level and settling above it. The cryptocurrency has commenced today with a strong bullish rally, surpassing $65,485, signaling an end to the recent bearish correction and a return to the primary bullish trend. The next potential gains could see Bitcoin testing $68,450, followed by $70,000 as key target levels.
Given this momentum, a bullish outlook is anticipated for the near term. However, a drop below $64,880 could reintroduce bearish pressure and suggest a return to corrective declines.
The expected trading range for today is between $65,500 support and $69,200 resistance.
Trend Forecast: Bullish
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