Bitcoin, Technical Analysis – H4
Bitcoin has confirmed a local upward reversal. However, buyers face a significant challenge at the $64,000 resistance zone.
Bitcoin has confirmed a local upward reversal. However, buyers face a significant challenge at the $64,000 resistance zone. Overcoming it (which is unlikely to happen easily or quickly) would open the path toward $67,000.
Key Levels:
□ $64,000 — strong resistance
□ $67,000 — next major upside target
□ $65,000 — intermediate level (alternative scenario)
Primary Scenario:
Growth toward $64,000, followed by consolidation in this zone to gather strength before the next upward move.
Alternative Scenario:
Breakout above $64,000 and continuation toward $65,000.
Analyst Commentary:
Bitcoin will remain highly sensitive to the fundamental backdrop. The “store of value” narrative has been largely undermined.
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.