Bitcoin price (BTCUSD) hits the first target – Forecast today - 06-05-2024
Economies.com
2024-05-06 04:09AM UTC
Bitcoin Price Analysis (BTCUSD)
Expected Scenarios and Trading Range
Bitcoin price (BTCUSD) managed to achieve our first positive target at 63650.00$ and settles near it, fluctuating within tight sideways track in the previous sessions, waiting to get positive motive that assist to push the price to resume the intraday bullish wave, which its next target located at 65390.00$.
The EMA50 supports the suggested bullish wave, noting that breaking 62760.00$ will push the price to decline again and head to test 60252.85$ initially before determining the next destination clearly.
Expected Trading Range for Today
Between the support at 62200.00$ and the resistance at 66000.00$
Trend Forecast: Bullish
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