The cryptocurrency market experienced a volatile week, with Bitcoin (BTCUSD) displaying mixed signals. Despite hitting a high of $60,326.70, the price failed to hold above this level and closed the previous session lower. However, a positive start to the current session, with a clear rise above $60,326.70, suggests a potential bullish trend reversal.
If Bitcoin can sustain gains above $60,326.70, it may target $62,450.00 and subsequently $63,800.00. However, a failure to consolidate above $60,326.70 could lead to a decline, with potential losses reaching $58,335.00.
The expected trading range for today is between $59,200.00 and $63,200.00.
Overall, the short-term trend for Bitcoin appears bullish, but traders should remain cautious and monitor price action closely for potential reversals.#Write2Earn! #writetoeran #BitcoinForecast #BTCtrade