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Bitcoin price (BTCUSD) attempts positively – Forecast today - 30-04-2024
Bitcoin (BTCUSD) Price Analysis
The Bitcoin price (BTCUSD) opens today’s trading with clear positivity, approaching the key resistance at 65391.75$. However, the EMA50 forms solid resistance against the price, while stochastic loses its positive momentum clearly.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, targeting 60252.85$ mainly. It's worth reminding you that breaching 65391.75$ will stop the correctional bearish scenario and push the price to turn to rise again.
Expected Trading Range
- Support: 61000.00$
- Resistance: 65000.00$
Trend Forecast
Bearish
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