#Bitcoin: Deviation from the range and growth potential after correction🤯

At the end of August, bitcoin ( $BTC ) deviated from its range after a short-term breakdown of resistance at $62,700, which led to a correction. As a result, the asset temporarily fell below the support level by $54,600.

CoinQuest's Team believes that this decline may be temporary and that BTC has the potential to grow after this corrective movement.

The breakdown above $62,700 showed the strength of the bulls, but the subsequent correction indicates a possible profit-taking. The $54,600 level, which previously served as support, has become a new barrier for bears.

CoinQuest's Team suggests that this decline may provide buying opportunities ahead of a new bullish trend. It is important to monitor the development of the situation to determine whether buyers will be able to raise BTC to new heights again.

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