Bitcoin Price Analysis:
Bitcoin exhibited clear positive trades in recent sessions, surging towards the $70,000 barrier. However, a subsequent bearish rebound occurred after establishing a lower high, as depicted on the chart. This development supports the likelihood of continued decline, targeting negative objectives starting at $67,080 and extending to $65,485.
Expected Scenario:
A bearish bias is anticipated in forthcoming sessions, with the potential for further downward movement. It is noteworthy that breaching $70,200 would halt the anticipated decline, potentially paving the way for new gains on both intraday and short-term bases.
Expected Trading Range:
The projected trading range spans from the support level of $65,500 to the resistance level of $70,000.
Trend Forecast: Bearish
