Bitcoin, Technical Analysis – H4

Bears predictably demonstrated strength at the first significant psychological resistance level of $65,000. The asset is now expected to decline at least to $62,500, where a strong support level is located. Further downside targets could be $60,500 and $60,000.

Key Levels:

□ $65,000 (resistance)

□ $62,500 (key support)

□ $60,500

Primary Scenario:

Decline toward $62,500.

Alternative Scenario:

Deeper correction toward $60,500.

Analyst Commentary:

Bitcoin remains under pressure established on the higher timeframes.