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Bitcoin price (BTCUSD) hits the new target – Forecast today - 07-11-2024
Bitcoin price (BTCUSD) resumed its positive trading to succeed achieving our new waited target at 76000.00$, noticing that the price shows some bearish bias by today’s open to test the breached resistance that appears on the chart, waiting to gather positive momentum that assist to push the price to resume the main bullish trend and achieve new positive target that extend to 78000.00$.
The EMA50 continues to support the suggested bullish wave, noting that breaking 73820.00$ will stop the expected rise and push the price to start bearish correction on the intraday basis.
The expected trading range for today is between 73800.00$ support and 78000.00$ resistance.
Trend forecast: Bullish
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