Bitcoin price (BTCUSD) under the negative pressure – Forecast today - 19-04-2024

Bitcoin (BTCUSD) Price Analysis

Expected Scenario

• Bitcoin price (BTCUSD) shows clear negative trades this morning, to start attacking the key support 60252.80$ and hint heading to achieve new bearish correction in the upcoming sessions, as it faces negative pressure coming by the technical indicators, which supports the chances of achieving more decline today.
• On the other hand, we notice that the price is forming double top pattern that might force the price to suffer short-term losses, start by targeting 56100.00$ areas and extend to 51946.15$ after breaking the previous level.

Expected Outcome

The expected trading range for today is between 59000.00$ support and 63500.00$ resistance.