Bitcoin price (BTCUSD) forecast update - 23-05-2024

Bitcoin (BTCUSD) Price Analysis

Expected Scenario

• Bitcoin price (BTCUSD) still confined inside the falling wedge pattern that appears on the chart, waiting to breach 70370.00$ to get a positive motive that assists in pushing the price to resume the bullish wave, with its next target located at 73817.92$.
• Therefore, our bullish overview will remain valid for today, reminding you that it is important to hold above 69385.00$ to achieve the awaited targets.

Expected Trading Range

Between 68000.00$ support and 72000.00$ resistance.