Bitcoin price (BTCUSD) under the negative pressure – Forecast today

Sugar price continued to rise to breach the bearish channel’s resistance and head towards starting bullish correction for the decline that started from 23.61$ areas, targeting testing 18.42$ initially, noting that breaching this level will push the price towards 19.41$ areas on the near-term basis.

Therefore, the bullish bias will be suggested for today, noting that breaking 17.25$ will stop the bullish correction and push the price back to the bearish track again.

The expected trading range for today is between 17.60$ support and 18.40$ resistance

Trend forecast: Bullish