On the weekly timeframe, the Bitcoin remains in the ascending channel; however, a decline to the support line may turn into a breakaway and a decline to the psychologically important level of $7,000.
On the weekly timeframe the Bitcoin keeps demonstrating an uptrend, preparing a new impulse of growth after a declining correction.
The BTC has been undergoing a correction for two days already. Generally it is trading at $11,500.
The BTC is correcting on June 27 after having made new local highs, and is trading around $12,182.
On July 13, Thursday, the BTC is consolidating around $8,131 after being much active the day before.
The BTC is around $8,723 on May 30.
The flagship crypto is correcting and trading around $7,578.27 Thursday.
The flagship crypto took a break Thursday and is trading around $7976.60.
The flagship crypto bounced off the 5-month highs and is trading around $5,427.45 Thursday.