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BTCUSD (Inclined Uptrend)

BITCOIN outlook

The price of Bitcoin (BTCUSD) is fluctuating in a neutral path, confined between the support levels of 41250 and the resistance of 47050. Therefore, our positive position remains valid so far, and the price needs to breach 43160 to determine its next destination more precisely, as the price is facing a conflict between technical factors now.

so the targets will be the upper of the channel about 49430 for the long term

The expected trading range for today is between support 39400 and Resistance 47200

The general expected tendency for today: Inclined Uptrend

previous idea:
BTCUSD 1D (BEARISH TENDENCY)
Supply and DemandSupport and ResistanceTrend Analysis

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