In the latest price analysis, Bitcoin (BTCUSD) made an attempt to breach the resistance line of the symmetrical triangle yesterday, albeit without sustained success. Today, the cryptocurrency initiates new positive endeavors, reinforcing expectations of a continued bullish trend in the upcoming period. The primary targets for this trend are anticipated to begin at $70,645 and extend to $73,800.
Stochastic indicators are showing signs of gaining positive momentum, further supporting the outlook for upward movement. It is important to note that maintaining a position above $67,080 is essential to achieve the suggested targets.
Traders should anticipate trading within a range bounded by support at $68,000 and resistance at $72,000.
Trend Forecast: Bullish
