Bitcoin (BTCUSD) price is facing negative pressures – Today's forecast 12-18-2024

Bitcoin (BTCUSD) price trades have rebounded significantly after reaching the $108350.00 areas, breaking the support of the ascending intraday channel and making some temporary bearish correction, on its way to visit the $103000.00 level as a next negative target, noting that breaking it will push the price directly towards $101365.00.

Therefore, the bearish bias will be likely for today, taking into account that breaching $105935.00 will stop the expected decline and lead the price to resume the main upward trend again.

The expected trading range for today is between the support $102000.00 and the resistance $106500.00

Today's price forecast: Low $BTC