Bitcoin price (BTCUSD) forecast update - 17-04-2024
Economies.com
2024-04-17 09:25AM UTC
Trend Forecast for Bitcoin Price (BTCUSD)
Expected Scenario upon Attempting to Resume the Bearish Trend
- Bitcoin price (BTCUSD) trades negatively now in attempt to resume the expected bearish trend for today.
- Overbought signals appear through stochastic, supporting the bearish sentiment.
- Waiting for more decline to test 60252.85$ as a next target.
Expected Scenario in Case of Breaching 65390.00$
- The suggested bearish wave will remain valid unless the price rallied to breach 65390.00$ and hold with a daily close above it.
Expected trading range for today: Between 61500.00$ support and 65500.00$ resistance
Trend forecast: Bearish
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