Bitcoin (BTCUSD) reached the first negative target outlined in our previous report at $94,655, but the price has since rebounded with bullish momentum, signaling a potential recovery and a return to the main bullish trend. This rebound is supported by stochastic positivity, leading us to expect further upward movement today. The immediate target is $97,400, and breaching this level could open the door for additional gains, potentially reaching $100,000.
We anticipate positive intraday trading, but if the price breaks below $94,640, it could halt the expected rise and lead to further losses, targeting $91,855.
The expected trading range for today is between $94,400 support and $99,000 resistance.
Trend Forecast: Bullish
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