Bitcoin (BTCUSD) Price Analysis Expected Scenario Bitcoin price (BTCUSD) bounced bearishly after approaching 65485.00$ support line, to move above 67000.00$ barrier, affected by stochastic positivity. We suggest resuming the bearish bias to test the mentioned support initially, noting that breaking it will push the price to suffer new losses that reach 60330.00$ areas as a next main station. The EMA50 forms negative pressure to support the continuation of the expected decline, noting that consolidating above 67080.00$ will stop the negative scenario and lead the price to attempt to regain the main bullish track again. Expected Trading Range Between 65800.00$ support and 68500.00$ resistance.

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