Bitcoin price (BTCUSD) within tight range – Forecast today – 24-04-2024

forex_news_6Bitcoin Price (BTCUSD)

Expected Scenario
Bitcoin price (BTCUSD) fluctuates within a tight track in the previous sessions, finding solid resistance at 67030.00$, waiting to breach this level to open the way to rally towards our next positive target at 70000.00$.
Stochastic overlaps positively to support the chances of rising in the upcoming sessions, besides the continuous positive support provided by the EMA50, taking into consideration that breaking 65391.75$ will stop the expected rise and force the price to decline again.

Expected Trading Range
The expected trading range for today is between 65500.00$ support and 69000.00$ resistance.

Trend Forecast: Bullish

Origin: Economies

 

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