Bitcoin price (BTCUSD) breaks the support – Forecast today - 25-04-2024
Economies.com
2024-04-25 04:08AM UTC
Bitcoin (BTCUSD) Price Analysis
- Bitcoin price (BTCUSD) faced clear negative pressure yesterday to break 65391.74$ level and settle below it, as it was affected by the rising wedge pattern that appears on the chart, to fall under the correctional bearish pressure again, on its way to achieve negative targets that start by visiting 60252.85$ areas.
Expected Scenarios
- The bearish bias will be suggested for today, noting that breaching 65391.75$ will stop the expected negative pressure and push the price to start new recovery attempts.
Trading Range
- The expected trading range for today is between 61500.00$ support and 65600.00$ resistance.
Trend forecast: Bearish
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