Bitcoin price (BTCUSD) forecast update - 17-04-2024

Economies.com
2024-04-17 09:25AM UTC

Trend Forecast for Bitcoin Price (BTCUSD)

Expected Scenario upon Attempting to Resume the Bearish Trend

  • Bitcoin price (BTCUSD) trades negatively now in attempt to resume the expected bearish trend for today.
  • Overbought signals appear through stochastic, supporting the bearish sentiment.
  • Waiting for more decline to test 60252.85$ as a next target.

Expected Scenario in Case of Breaching 65390.00$

  • The suggested bearish wave will remain valid unless the price rallied to breach 65390.00$ and hold with a daily close above it.

Expected trading range for today: Between 61500.00$ support and 65500.00$ resistance

Trend forecast: Bearish

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