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Bitcoin price (BTCUSD) forecast update - 06-05-2024
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Bitcoin price (BTCUSD) forecast update - 06-05-2024
May 6, 2024 5:28 AM

Bitcoin Price Analysis (BTCUSD) Bitcoin price (BTCUSD) touched the 65390.00$ level and encountered solid resistance. This led to some temporary bearish bias, affected by stochastic negativity. However, the EMA50 continues to provide positive support to the price. Waiting for the bullish wave to resume and surpass the mentioned level, targeting additional gains up to 67330.00$. Therefore, we continue to suggest a bullish trend for the upcoming period. Failure to breach the mentioned resistance will stop the expected rise and push the price lower, targeting testing of 60252.85$ areas initially. Expected Trading Range for Today: Support: 62200.00$ Resistance: 66000.00$ Trend Forecast: Bullish

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