Bitcoin price (BTCUSD) attempts to recover – Forecast today - 02-05-2024
Economies.com
2024-05-02 04:03AM UTC
Bitcoin Price (BTCUSD)
Expected Scenario
- Bitcoin price (BTCUSD) provided positive trades yesterday to approach 59400.00$ barrier, but it returns to decline and reach the thresholds of the key support 56100.00$, waiting to break this level to confirm extending the correctional bearish wave towards 51946.15$ that represents the next negative target.
- Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 60252.85$.
Expected Trading Range
Between the support at 55000.00$ and the resistance at 59000.00$.
Trend Forecast: Bearish
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