The price of Bitcoin (BTC/USD) is currently exhibiting a slight bearish bias, influenced by stochastic negativity. However, there are signs that stochastic is attempting to gain positive momentum, which could help propel the price towards resuming its bullish trend. The next target levels to watch are $70,000.00 and $70,850.00.
It’s important to note that the continuation of this bullish wave is contingent upon the price remaining above $65,480.00.
The expected trading range for today is between $66,000.00 (support) and $70,000.00 (resistance).
Trend Forecast: Bullish
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