Bitcoin (BTCUSD) has opened today with notable bullish momentum, surpassing the initial target of $68,450 and approaching the next target of $70,000. The current trend suggests continued upward movement within the bullish channel identified on the chart, with potential gains extending towards $72,280.
Stochastic indicators support the anticipated rise, reinforcing the positive outlook for the upcoming sessions. However, a decline below $68,450 could reverse the bullish scenario, introducing intraday negative pressure and leading to a possible test of $67,070.
The expected trading range for today is between $68,000 (support) and $72,000 (resistance).
Trend Forecast: Bullish
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