Bitcoin, Technical Analysis – H1
Bitcoin is reacting nervously to yesterday’s Fed decision to keep rates unchanged. Price action remains volatile and two-way, yet the underlying structure stays bearish, with clear downside risks if resistance at $65,700 holds.
Bitcoin is reacting nervously to yesterday’s news that the Fed kept rates unchanged. Moves are two-way and fairly volatile, yet the structure clearly remains bearish (see the characteristic stepwise decline). If bulls fail to overcome resistance at $65,700, this structure will retain its relevance (with the associated risk of fresh selling).
Key Levels:
⬜ Resistance: $65,700
⬜ Sell Zone: $65,200–65,600
Primary Scenario:
Rise toward the $65,200–65,600 zone, followed by a sharp decline.
Alternative Scenario:
Breakout above $65,700.
Analyst Commentary:
We remind you that Bitcoin continues to face the threat of selling pressure from higher timeframes.
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.