Bitcoin (BTC/USD), Technical Analysis – H4
The market is debating whether the breakout above the ascending channel signals a full shift toward buyer dominance or if it was merely a false breakout.
The market is debating whether the breakout above the ascending channel signals a full shift toward buyer dominance or if it was merely a false breakout that will force price back inside the channel. The answer will largely depend on the reaction at the upper channel boundary around $66,000, which is being tested at the moment.
Key Levels:
□ $66,000 — Critical resistance / upper channel wall
□ $65,000 — Intermediate support
□ $63,600 — Deeper support target
Primary Scenario:
Decline below $66,000 with further downside toward $65,000 and $63,600 (beyond the daily timeframe).
Alternative Scenario:
Continued growth toward $67,000.
Analyst Commentary:
The situation remains fragile for bulls despite the strong positive momentum seen in recent days. A decisive rejection at $66,000 could quickly tilt the short-term bias back to the downside.
Nikolai Krishtopov es analista de mercado en Investizo, con más de 15 años de experiencia en el sector de los mercados financieros y más de una década de experiencia operando. Sus áreas de interés incluyen los mercados de forex y criptomonedas, el análisis técnico, el trading intradía y el comportamiento del mercado.