Bitcoin price (BTCUSD) faces negative pressures – Forecast today - 22-10-2024
Bitcoin price (BTCUSD) decline stopped at the EMA50 that formed good support against the price, accompanied by witnessing positive signals through stochastic now, which supports the chances of starting new bullish wave today, to head towards achieving gains that we expect to start at 68050.00$ and extend to 70000.00$.
Therefore, the bullish bias will be suggested for the upcoming sessions, noting that breaking 66980.00$ will put the price under more negative pressure to head towards testing 65485.00$ areas before any new attempt to rise.
The expected trading range for today is between 66000.00$ support and 69500.00$ resistance.