Bitcoin price (BTCUSD) consolidates below the resistance – Forecast today - 22-04-2024
Economies.com
2024-04-22 03:49AM UTC
Bitcoin Price Analysis (BTCUSD)
Expected Scenario
- Bitcoin price (BTCUSD) fluctuates around the 65391.75$ level and consolidates well below it, suggesting a bearish rebound to resume the correctional bearish trend and head to visit the 60252.85$ areas as the next main station.
- Therefore, the bearish bias will be expected for today, and breaking below 64240.00$ will reinforce the expectations of a decline in the upcoming sessions. However, it's worth noting that breaching above 65391.75$ will stop the bearish trend and lead the price to turn upwards, attempting to regain the main bullish trend again.
Expected Trading Range
Between the support at 62500.00$ and the resistance at 66200.00$
Trend Forecast: Bearish
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