The price of Bitcoin (BTCUSD) surged high in its recent intraday trading, to breach the current resistance level at $1.8,000, as a clear signal for renewing the buying momentum, this rise was supported by the continuation of the bullish overview on a short-term basis.

The price was affected by its exit from the bearish correctional channels range that limited its move previously, supported by the (RSI) after it began showing clear bullish signs, after reaching oversold levels, which indicates the continuation of the bullish trend in its upcoming moves.

Therefore, our expectations suggest a rise for the (BTCUSD) price in the upcoming intraday sessions, conditioned by confirming breaching the resistance at $108,000 with a good close above it, to target its next resistance at $110,500.

The expected trading range is between $107,000 support and $110,500 resistance.

Todays forecast: Bullish