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Bitcoin (BTC/USD) closed yesterday below $60,326.70 after earlier positive movements. Today, it has opened with a slight rise, attempting to surpass this level. However, the conflicting technical indicators suggest a cautious approach, advising traders to remain on the sidelines until the price clarifies its position regarding this critical level.
If the price consolidates below $60,326.70, it may decline further, targeting $57,955.00 and subsequently $56,160.00. Conversely, a confirmed breakout above $60,326.70 could lead to gains starting at $62,725.00, extending to $65,480.00.
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The expected trading range for today is between $58,000.00 support and $63,000.00 resistance.
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Trend Forecast: Neutral
