Bitcoin (BTCUSD) has established solid support at the $91,855 level, triggering the formation of a bullish wave. We expect this momentum to continue, with the next target for Bitcoin set at the $95,820 range, supported by positive stochastic indicators.
However, it’s important to note that a break below the $91,855 support level would invalidate the bullish outlook, potentially leading to further downside. In such a case, the price could see additional bearish correction, with subsequent targets at $89,410 and $87,070.
The expected trading range for today is between $91,000 support and $96,500 resistance.
Trend Forecast: Bullish
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