Perhaps the current correction in Bitcoin's value does not mean the end of the uptrend in the market.

Bitcoin's value is currently undergoing a correction after failing to set a new all-time high. However, this does not necessarily indicate the end of the bullish market trend. On the daily interval, the price is unable to consolidate above the level of 66 thousand dollars, which suggests corrective movements. Despite recently breaking through a significant downward channel, the digital currency is having difficulty maintaining its upward direction, resulting in a short-lived breakout. The Relative Strength Index (RSI) also fell below 50%, indicating bearish trends. In the current situation, we can assume a further depreciation towards the support zone at $60 thousand.

On the 4-hour chart, the picture of the situation is somewhat more optimistic. There is price consolidation within the sideways range. Although the market recently moved beyond its limits, it managed to quickly return. If positions within this channel are restored, growth to its upper limit, which is located near the level of 72 thousand dollars, is possible. However, if the channel weakens further, a rollback to the $60 thousand mark may become inevitable.

It should be emphasized that this analysis does not constitute investment advice and persons contemplating investment transactions should conduct independent analysis before making decisions.