Bitcoin price (BTCUSD) tests the resistance – Forecast today - 26-04-2024
Economies.com
2024-04-26 03:58AM UTC
Bitcoin (BTCUSD) Price Analysis
Expected Scenario
- The Bitcoin price tested the 65391.74$ level and remained stable below it, with clear negative signals observed through stochastic indicators.
- The EMA50 meets the mentioned resistance, adding strength to it.
- These factors support the continuation of the bearish trend for the upcoming period.
- The next main target is located at 60252.85$.
- Breaching 65391.75$ and holding above it will lead the price to recover and build a bullish wave, with the first main target at 70000.00$.
Expected Trading Range
Between the support at 62500.00$ and the resistance at 66000.00$.
Trend Forecast: Bearish
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