Bitcoin (BTCUSD) closed yesterday above the $60,326.70 level, setting the stage for a potential bullish wave on an intraday basis. This upward momentum could drive the price towards initial targets of $62,600.00, with further gains possibly extending to $65,483.00. The 50-period Exponential Moving Average (EMA50) is providing support from below.
The bullish outlook is expected to continue in the upcoming sessions. However, a break below $60,326.70 and sustained trading under this level could halt the anticipated rise and lead to a decline.
Today’s anticipated trading range is between $59,000.00 (support) and $63,000.00 (resistance).
Trend Forecast: Bullish
Related topics: