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Bitcoin (BTCUSD) saw a positive movement yesterday, briefly surpassing $60,326.70 before falling back below this level. This retreat maintains the potential for a continued intraday bearish trend, with a key target of $56,160.00.
Negative signals from the Stochastic indicator support the anticipated decline. However, if Bitcoin reclaims and sustains above $60,326.70, it could shift the trend towards recovery, potentially testing $62,600.00 and extending to $65,483.00.
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Today’s expected trading range is between $58,500.00 and $62,000.00.
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Trend Forecast: Bearish
