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Bitcoin Price (BTC/USD) Awaits Confirmation Signal – Forecast for July 10, 2024

The Bitcoin price (BTC/USD) remains confined between key levels: $56,160.00 support and $58,660.00 resistance. As highlighted in recent reports, the price needs to surpass one of these levels to clarify its next directional move. Currently, there is a contradiction among technical factors, prompting a preference to remain on the sidelines until a clearer signal for the next trend emerges.

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For a detailed analysis of the technical factors and expected targets post-breakout, please refer to our previous technical report on Bitcoin price.

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Today’s expected trading range is between the support level of $55,400.00 and the resistance level of $60,500.00.

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Trend forecast: Neutral

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