FX.co ★ #Bitcoin chart analysis

Analysis and forecast for the trading instrument #Bitcoin based on technical analysis The Bitcoin trading instrument at the end of last month dropped below the round level of 60 thousand, which has long been serving as a support zone for the price. However, even after managing to break through this level, the cryptocurrency still did not stay there for too long and has been trading above it for almost the entire month of July. You could even say that we are seeing some signs of a trend reversal, and there have even been some positive fundamental news items. So the trading instrument #Bitcoin, although not very quickly, is gradually moving north, and I can assume that it may even work out the round level of 70 thousand. Although at this pace, this move might take more than one week. For now, we can outline a fairly wide ascending channel, and we see that this week the price even bounced in the area of its lower boundary somewhere around the 63 thousand mark. It would be better if the price did not pull back that low, but the next entry point for buys can be considered roughly around the 63,500 level, and the nearest target of course will not be 70, but somewhere around 66.