Bitcoin price continued to rise in its intraday trading, to approach from our target at $97,400, taking advantage of the positive momentum due to its trading above EMA50, under the domination of the main bullish trend on the short-term basis and its trading alongside bias line, on the other hand, we notice the emergence of negative overlapping signals on the (RSI), after reaching overbought levels, which might decelerate the rise of the price.

Our expectations remain positive in case of breaching the resistance at $97,400, targeting the psychological resistance level at$100,000, and there is a big chance for some of the correctional rebounds, if the mentioned resistance settles.

The expected trading range for today is between $95,00 support and $98,400 resistance.

Todays forecast: Bullish

Do you need help in trading decisions? Do you want to learn how to start trading?

Join Economies.com VIP Club and benefit from over 15 years of market analysis expertise and get:

Full coverage of commodities such as gold, oil, silver, and more Full coverage of all major forex currency pairs Full coverage of key global indices and stocks Full coverage of major cryptocurrencies and meme coins Accurate analysis and daily updated price forecasts Exclusive and breaking news Reliable trading ranges for effective risk management Comprehensive educational materials, competitions and prizes! Innovative tools to enhance your trading performance Special Offer: Subscribe to the Economies.com VIP channel and get also a free subscription to a trusted trading signals channel provided by Best Trading Signal.

Join Economies.com VIP Club