#btcnews
Bitcoin price (BTCUSD) bounced downwards clearly after reaching 108350.00$ areas, to break the intraday bullish channel’s support line and achieve some temporary bearish correction, on its way to visit 103000.00$ as a next negative target, noting that breaking it will push the price towards 101365.00$ direct.
Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 105935.00$ will stop the expected decline and lead the price to resume the main bullish trend again.
The expected trading range for today is between 102000.00$ support and 106500.00$ resistance.
Trend forecast: Bearish
Wheat price breaks the minor support – Forecast today - 18-12-2024
Economies.com
2024-12-18 04:14AM UTC
Wheat price managed to break 550.50$ level and hold below it, to move below the bearish trend line again, reinforcing the expectations of continuing the bearish trend in the upcoming period, affected by the previously completed inverted head and shoulders’ pattern, noting that our targets start at 542.00$ and extend to 519.10$ mainly.
Holding below 554.20$ represents initial condition to the continuation of the suggested decline, as breaching it might push the price to achieve temporary gains and test 568.50$ before any new negative attempt.
The expected trading range for today is between 535.00$ support and 550.00$ resistance.
