Bitcoin price (BTCUSD) declines again – Forecast today - 16-04-2024
Economies.com
2024-04-16 05:38AM UTC
Bitcoin Price Analysis
Bitcoin price (BTCUSD) settles around $63,300.00 after the decline that it witnessed in the previous sessions, falling under negative pressure formed by the EMA50, to support the chances of achieving additional bearish correction, targeting testing $60,252.85 as a next station. Noting that breaking this level will push the price to suffer additional losses that reach $56,100.00.
- Bearish bias suggested: Unless the price rallied to breach $65,390.00 and hold above it.
- Expected trading range for today: Between $61,000.00 support and $65,000.00 resistance.
- Trend forecast: Bearish
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