Bitcoin Analysis (Daily Time Frame)
Bitcoin is in an uptrend on the daily time frame and is approaching the top of the corrective channel. There is a possibility of a liquidity sweep at the channel’s top, followed by a price drop toward 62,640, 59,560, 51,650, and 48,792.
If Bitcoin resumes its uptrend, the next targets are 70,099 and 89,060.
Bitcoin Analysis (4-Hour Time Frame)
In the 4-hour time frame, Bitcoin is approaching the top of its corrective channel and has broken the 65,619 level. This suggests a potential price increase to 68,565 and 70,099.
If a reversal occurs at the 62,640 level, sell opportunities may arise on retracements.
Valuable buy zones for Bitcoin are 57,700 and 55,600.