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Bitcoin price (BTCUSD) resumes the rise – Forecast today - 08-11-2024
Bitcoin price (BTCUSD) resumed its positive trading to approach 77000.00$ barrier, reinforcing the expectations of continuing the bullish trend on the short-term and medium-term basis, reminding you that our next target is located at 78000.00$, and breaching this level will open the way to achieve more historical levels that extend to reach 80000.00$ areas.
The EMA50 keeps supporting the expected bullish wave, which will remain valid unless breaking 75110.00$ followed by 73820.00$ levels and holding below them.
The expected trading range for today is between 74200.00$ support and 78000.00$ resistance.
Trend forecast: Bullish
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