Category: Forex News, News

Bitcoin price (BTCUSD) forecast update

By Published On: January 20, 20250.5 min readViews: 580 Comments on Bitcoin price (BTCUSD) forecast update

Natural gas price surrendered to the stability of the bullish channel’s resistance line at 4.360$ on last Friday to force it to postpone the bullish rally and form temporary correctional rebound to settle near 3.800$.

 

This correctional decline won’t affect the main bullish track due to the frequent stability above the bullish channel’s support line at 3.610$, also, stochastic reach to the oversold areas will increase the chances of gathering the positive momentum to assist to form some bullish waves that might target 4.030$ level soon, followed by reaching the mentioned resistance line.

 

The expected trading range for today is between 3.800$ and 4.030$

 

Trend forecast: Bullish




Source link

Written by : Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.

Share this article:

Leave A Comment