Bitcoin Price Analysis Expected Scenario Bitcoin price (BTCUSD) hovers around the EMA50, and continues to fluctuate within the sideways range mentioned in our previous reports, which its lines represented by 60252.85$ support and 65390.0$ resistance, to keep the sideways scenario dominant on the upcoming trades, waiting to breach one of the mentioned levels to detect the next targets clearly. We remind you that breaking the mentioned support will push the price to achieve new bearish correction that its next target reaches 56100.00$, while breaching the resistance represents the key to rally to resume the main bullish wave and achieve gains that start by testing 70000.00$ barrier. Expected Trading Range Between 63400.00$ support and 60000.00$ resistance.

Trend Forecast: Sideways Read more: Will Bitcoin price reach $100,000 in 2024?