Bitcoin's price has been moving within a downward-sloping channel on the weekly chart. For about four weeks, Bitcoin dipped below the bottom of this channel but has now shown a strong recovery back into it.
Historically, when Bitcoin rebounds from the bottom of this channel, it takes about 2-4 weeks to reach the top. An analyst predicts that Bitcoin could reclaim $67,000 next week if the historical trend continues.
Source : coinpedia.org ↗