Bitcoin Price Analysis (BTCUSD) - June 19, 2024

Expected Scenario:

Bitcoin (BTCUSD) has broken the $65,485 level, reaching the $64,000 barrier, which supports the continuation of its bearish trend. Today, Bitcoin shows a bullish bias to test the broken support, driven by positive stochastic indicators. We expect a negative trigger to resume the decline, targeting $60,330 as the next bearish target.

Key Levels to Watch:

- Support: $63,000

- Resistance: $66,600

Breaking above $65,485 and then $66,520 could halt the bearish trend and initiate a recovery on an intraday and short-term basis.

Trend Forecast:

Bearish

Expected Trading Range for Today:

Between $63,000 and $66,600.

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