BTC/USD Bullish Correction Is Coming

The currency pair went downwards according to the bearish scenario but failed to reach June lows and makes a U-turn currently. Bitcoin losses for the last 24 hours are non-significant and BTC/USD shows signs of a correction.

Bitcoin has successfully broken through the support area at $6,329 in the past couple of days and moved lower. The currency pair reached $6,071 support area but the price retreated from there showing that bulls have prepared a very strong defensive line there.
There are no signals from price action neither from graphic patterns currently but we think that Bitcoin is going to start an upside correction at least which is able to become an uptrend in future. The closest target for the growth is at $6,329. We think that BTC/USD aims at $6,510 in the next couple of days.
There is an alternative scenario as well, which is less probable at the moment. Bitcoin will test the support area at $6,071 and if successful, bears will push it lower.

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