FX.co ★ #Bitcoin chart analysis

#Bitcoin / BTCUSD Bitcoin continues to develop a correction towards the previous decline. There was a second attempt to break the minimum, but the support zone of 62300/61300 proved to be stronger than it initially seemed. It was from these levels that the cryptocurrency turned north. Buyers confidently switched to the offensive, quickly working through the main daily range today and several additional resistance levels. At the moment, a breakout formed on the H4 timeframe is on the verge of activation, and upon its full activation, the target will be the nearest strong resistance zone of 77000/79000. This resistance zone is very suitable as the main target for the current corrective growth. I expect the uptrend to continue.