..//Bitcoin is trying to confirm the recovery of movement within the parallel channel after we lost it yesterday for a few hours..
..//Now the target for the upward break of the channel shrinks to the levels of $68,000 after it was $74,700 and then $72,000, because the longer the price movement continues within the channel, the more the upward target will shrink in the event that the channel is broken upward..
..//If we maintain the price movement within the channel, the initial target will be the $64,000 level within the next 12 hours.
..//If we lose the price movement and go down, this means losing the $59,500 level, and thus the next downside targets will be $52,000 and then $48,000, with the possibility of rebounding from the $56,600 levels.
..//The most important thing that I have emphasized for weeks and I still emphasize is not losing the $59,500 level for more than 24 hours.
..//Now we wait to see if Bitcoin can maintain the price movement within the channel, and if it can, we will reach the top of the channel at $64,000, but if the opposite happens, the closest scenario will be a drop to $56,000 and then $52,000.
..//The article is not investment or financial advice.
..// good luck for everbody..
