Bitcoin Price Analysis (BTCUSD)
Expected Scenario
Bitcoin price (BTCUSD) faces temporary negative pressure to move below the 70000.00$ barrier, but we notice that stochastic got rid of its negative momentum to reach the thresholds of the oversold areas, waiting to motivate the price to resume the positive trades and resume the main bullish track, which its next target reaches 73817.92$.
Therefore, we expect to witness positive trades in the upcoming sessions, noting that breaking 69385.00$ will stop the expected rise and push the price to suffer additional losses that reach 67080.00$ as a next negative station.
Expected Trading Range
Between the support at 68500.00$ and the resistance at 72500.00$.
Trend Forecast: Bullish
Origin: Economies
