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Bitcoin (BTCUSD) ended yesterday’s trading session with notable gains, closing above $63,657.20. However, the cryptocurrency has started today with a decline, testing this key level once more. Stochastic indicators show a significant loss in positive momentum, entering overbought territory.
Given these developments, there is a possibility that Bitcoin may continue its correctional bearish trend, with the next target set at $61,684.05. A breach above $66,100.00 would halt the anticipated decline and potentially shift the price back into a bullish trend.
The expected trading range for Bitcoin today is between $62,000.00 as support and $66,100.00 as resistance.
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