Bitcoin, Technical Analysis – H4
Bitcoin has exited its medium-term ascending channel and, after a possible retest of the $64,400 area, is expected to decline toward $62,000.
Bitcoin has left the medium-term ascending channel, which had generated some excessive enthusiasm among investors (but in no way cancelled the short pressure dominating the intraday timeframes from the weekly chart). Now, after a possible retest of the lower boundary of the channel (the $64,400 area), a decline in quotes toward the $62,000 region can be expected.
Key Levels:
□ $64,400
□ $62,000
Primary Scenario:
Pullback to the $64,400 zone, followed by a decline to $62,000.
Alternative Scenario:
Direct decline to $62,000.
Analyst Commentary:
Bears retain control in the crypto market.
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.