Bitcoin (BTC/USD) concluded yesterday’s trading above the $60,326.70 mark, reactivating the positive outlook for both intraday and short-term periods. The next key target is set at $65,480.00, and breaching this level could open the path for further gains in the longer term.
The bullish trend is anticipated to continue in the upcoming sessions, supported by the 50-day exponential moving average (EMA50), which provides support from below. A fall below $60,326.70 would negate the positive scenario and could result in a potential decline.
The expected trading range for today is between $59,500.00 support and $63,700.00 resistance.
Trend Forecast: Bullish
Related topics: