Bitcoin is trading at 54,000. At the moment, everything indicates the presence of a bullish trend for the instrument.
As part of the BTCUSD rate forecast, a test of the price range area 50.406 - 52.966 (support area) is expected. Where can we expect an attempt to continue the growth of the instrument and the further development of the upward trend. The target of this movement is the level of 60,000. A small stop in the form of a resistance level is located at the level of 55832.57, and there is hardly any need to expect much resistance here.
Cancellation of the option to continue the growth of the Bitcoin rate would be a complete breakdown of the support area 50.406 - 52.966, although consolidation in this area will not benefit buyers.
In general, it is expected to rise to the level of 60,000 with small pullbacks down.
As part of the BTCUSD rate forecast, a test of the price range area 50.406 - 52.966 (support area) is expected. Where can we expect an attempt to continue the growth of the instrument and the further development of the upward trend. The target of this movement is the level of 60,000. A small stop in the form of a resistance level is located at the level of 55832.57, and there is hardly any need to expect much resistance here.
Cancellation of the option to continue the growth of the Bitcoin rate would be a complete breakdown of the support area 50.406 - 52.966, although consolidation in this area will not benefit buyers.
In general, it is expected to rise to the level of 60,000 with small pullbacks down.
