..//Bitcoin is trying to confirm the recovery of movement within the parallel channel after we lost it yesterday for a few hours..

..//Now the target for the upward break of the channel shrinks to the levels of 68,000$ after it was 74,700$ and then $72,000, because the longer the price movement continues within the channel, the more the upward target will shrink in the event that the channel is broken upward..

..//If we maintain the price movement within the channel, the initial target will be the level of 64,000$ during the next 12 hours..

..//If we lose the price movement and go down, this means losing the level of 59,500$ , and therefore the next bearish targets will be 52,000$ , then $48,000, with the possibility of a rebound from the $56,600 levels..

..//The most important thing that I have emphasized for weeks and I still emphasize is not to lose the level of 59.500$ for more than 24 hours..

..//Now we wait if Bitcoin can maintain the price movement within the channel, and if it can, we will reach the top of the channel at the level of $64,000, but if the opposite happens, the most likely scenario will be a drop to the levels of 56,000$ and then $52,000..

..//The article is not investment or financial advice..

..// good luck for everbody..