The price of Bitcoin (BTCUSD) opened today’s trading with a strong upward surge, exceeding our suggested target at 31046.55 and reaching the 35000.00 barrier quickly, opening the way for a continuation of the rise in the immediate and short term, as it moves within the ascending channel that appears in the chart above, which supports opportunities for achieving additional gains. It starts at 35890.00 and extends to 27315.00.
From here, the upward trend will remain valid and effective, supported by the 50 moving average that carries the price from below, taking into account that breaking 33110.00 will stop the expected rise and put pressure on the price to turn lower.
The expected trading range for today is between support 34000.00 and resistance 36000.00
From here, the upward trend will remain valid and effective, supported by the 50 moving average that carries the price from below, taking into account that breaking 33110.00 will stop the expected rise and put pressure on the price to turn lower.
The expected trading range for today is between support 34000.00 and resistance 36000.00