Bitcoin Update : Rising Channel Aiming for $65k?**
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Bitcoin ($BTC) has reversed its downtrend after dropping to $52k, rebounding within a rising channel. The 1D chart shows signs of recovery, while the 1W chart and RSI indicate further upward momentum. Strong support is observed at $47k–48k, suggesting price stability before a potential surge.
Key Levels :
- Support : $47k–$48k
- Resistance : $67k–$68k
Based on the RSI and MACD curves, Bitcoin could continue its uptrend, but a correction might follow once it reaches $67k–$68k.
Conclusion :
Bitcoin is recovering within a rising channel, with a target between $67k–$68k. However, a correction is likely before the next significant move.
Advice for Traders and Investors :
- Monitor key support at $47k–$48k for potential entry points.
- Consider taking profits near $67k–$68k.
- Be prepared for a possible correction before further upside momentum.