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Bitcoin (BTC/USD) is struggling to break through the intraday bullish channel’s resistance, showing signs of bearish pressure around the key support level of $63,495.00. Traders should approach with caution, as a drop below this level could lead to a test of the channel’s lower boundary near $61,190.00 before any renewed upward movement.
However, surpassing the $64,000.00 barrier would strengthen the likelihood of resuming the primary bullish trend, with initial targets at $65,480.00, and extending towards $66,800.00 and $68,475.00 once the first level is cleared.
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The anticipated trading range for today is between $63,000.00 support and $67,200.00 resistance.
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Trend Forecast: Bullish
