Bitcoin, Technical Analysis – H4
Bitcoin is approaching a critical resistance zone at $67,000–68,000. This area will largely determine the medium-term outlook.
Bitcoin is approaching a critical resistance zone at $67,000–68,000. This area will largely determine the medium-term outlook. If bears manage to defend this zone, the price could resume its decline with renewed strength. Conversely, a successful breakout would create strong grounds to declare that the market bottom has likely been formed at $58,000.
Key Levels:
□ 68,000 — Key resistance
□ 67,000 — Resistance zone lower boundary
Primary Scenario:
Reversal downward from the $67,000–68,000 zone.
Alternative Scenario:
Breakout above $68,000.
Analyst Commentary:
Both scenarios appear equally probable under current market conditions. Traders will need patience.
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.