..//In the previous article, which was dated June 28, we indicated the possibility of a rebound at the red line and a return to the top of the parallel channel and that the maximum rise that could be within the horizontal channel in the event of a rebound would be the $62,700 level, and if we break it we will be on a date with the $64,000 levels. $ This is what actually happened, but we did not reach the full goal of the rebound and only reached the levels of $63,800, but in general it was a successful deal after bouncing from the red line levels...
..//So, over a period of 4 hours, Bitcoin’s price movement began to form a flag pattern, and if it is broken to the upside, the full technical target will be the $65,200 level, and we previously said that passing the $65,000 level means that Bitcoin will be strongly bullish and we could see a new historical peak. It exceeds levels of $76,000 and reaches levels exceeding $80,000, but all of this depends on Bitcoin remaining above $65,000...
..//With regard to the daily range, the price movement of Bitcoin broke upwards the parallel channel that lasted for 27 days, and the break was to the upside as we expected, but it was late due to global events and the statements of the US Federal Reserve. Therefore, Bitcoin is trying to confirm the upward breakout, and if it is confirmed, then the goal is from a technical point of view. It will be $71,512 in the coming days, but if we return to the previous channel, which is blue, we will inevitably fall to the $60,000 levels...
..//Also, confirming that the channel is broken requires that Bitcoin descend to the level of $61,500 at most and then rise directly and quickly towards the levels of $65,000, so draw the red line and follow it well and continuously, and by the way, the red line represents the levels between $58,000 and $60,000...
..//The most important level that we must not lose for more than 24 hours is the $59,500 level, and if we lose it, we will decline to the $58,000, $52,000, then $48,000 levels, with the possibility of a rebound from the $56,550 levels...
..//The article is not investment advice..
..//good luck for everbody..
