The forecast today (7/06/2024) has been a good start to the day with Bitcoin price reflecting positive momentum. The BTCUSD has been trading sideways since yesterday, circling the $71000.00 barrier. It can be seen that stochastic has lost its negative trend and is now nearing a positive overlap. This can greatly motivate the crypto market to resume the anticipated bullish trend for the coming period, with 73800.00$ as its next target.
Consequently, we will stick with our day-to-day and short-term bullish trend recommendations, pointing out that a break below 69530.00$ will halt the anticipated rise and place the price under pressure that first targets testing 67080.00$ areas and may even reach 65483.00$ before making another attempt to rise.
Current Bitcoin Price Chart
Bitcoin Price has reached $71,184.65 with a market cap of $1,397,380,803,333. On March 14, 2024, $73,737.94 was the highest price ever paid for Bitcoin (BTC). In contrast, the current price is 2.45% less than the peak price ever recorded.
Expected Range
The expected trading range of Bitcoin is between 69500.00$ support and 73800.00$ resistance.
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