Bitcoin is within an approximate horizontal trend channel in the short term, which indicates further development in the same direction. The currency has met the objective at 60766 after the break of the double top formation. The price has now risen again, but the formation indicates a further fall. The currency has marginally broken up through resistance at points 62000. An established break predicts a further rise. Volume has previously been low at price tops and high at price bottoms. Volume balance is also negative, which weakens the currency and indicates increased chance of a break down. The currency is overall assessed as technically neutral for the short term.

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