The Bitcoin price (BTCUSD) maintained its bullish rally, successfully breaching the key resistance level at $65,390.00 and closing the daily candlestick above it. This breakout marks the exit from the sideways range that has characterized recent trades, paving the way for further gains in the upcoming period, with the next main target set at $70,000.00.
As such, expectations for continued upward movement persist on both intraday and short-term bases. It’s important to monitor the price action closely, as a break below $65,390.00 would signal a halt to the bullish trend and potentially subject the price to correctional bearish pressure once again.
Expected Trading Range: The anticipated trading range spans between support at $64,500.00 and resistance at $68,300.00.
Trend Forecast: The prevailing trend forecast remains bullish, with the market demonstrating strong upward momentum and setting sights on further gains. Traders should remain vigilant for any potential shifts in sentiment, particularly around key support and resistance levels.
