Bitcoin price (BTCUSD) traded with clear positivity to reach the thresholds of the key resistance 106000.00$, and as we mentioned this morning, breaching this level will activate the positive effect of the bullish pennant pattern and lead the price to continue the bullish trend that targets 108350.45$ followed by 112000.00$ levels mainly.

 

On the other hand, we should note that breaking 101680.00$ will stop the bullish wave and push the price to decline towards 95195.00$ areas before any new attempt to rise.

 

The expected trading range for today is between 102000.00$ support and 108000.00$ resistance.

 

Trend forecast: Bullish