BTC has reached the expected target range of 61k in the lower timeframe. The higher timeframe for BTC appears positive and could rally as high as 69k in the coming days.
In the past, whenever BTC hit the descending support trendline, it bounced back by 20% or more. A couple of weeks ago, BTC dropped as low as 49K but managed to maintain the daily close at the support trendline. The price has bounced back and may continue to rise.
The lower support for BTC remains unchanged.
I hope this update was helpful. Make sure you do your own research before investing.
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