Bitcoin Price Analysis (BTCUSD) Expected Scenario Bitcoin price (BTCUSD) shows new negative trades, and by taking a deeper look at the chart, we find that the recent trades are confined within a falling wedge pattern that we are waiting to assist in pushing the price to resume the main bullish trend. The price needs to breach 70370.00$ to activate the positive effect of this pattern followed by rallying towards our next positive target at 73817.92$.

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 69385.00$ and holding below it.

Expected Trading Range Between the support at 68000.00$ and the resistance at 72000.00$.

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