On September 12, 2024, Bitcoin (BTCUSD) achieved its first anticipated target, reaching $58,480. Currently, the price is consolidating around $58,000 as it seeks to build the momentum needed to continue its upward trajectory. The next target for Bitcoin is set at $60,326.70.
Given the current trend, we maintain a bullish outlook for Bitcoin. However, it is important to note that a decline below $56,160 would negate the expected bullish trend and could lead to a downward shift in price.
For today, the anticipated trading range is between $57,000 (support) and $60,326 (resistance).
Trend Forecast: Bullish
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