Bitcoin Price (BTCUSD) Analysis Expected Scenario The rise in Bitcoin price (BTCUSD) stopped near the 63500.00$ barrier, to start providing negative trades by todays open, affected by stochastic negativity, and it might head to test the key support areas around 60252.85$.

We suggest the fluctuation within a sideways range between the mentioned support and 65390.00$ resistance, and the price needs to surpass one of these levels to detect its next main track clearly, noting that breaking this support will push the price to achieve additional bearish correction that its next target reaches 56100.00$, while breaching the resistance will lead the price to resume the main bullish trend and achieve new gains that start by visiting 70000.00$ barrier.

Expected Trading Range Between the support at 60500.00$ and the resistance at 64500.00$

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