Bitcoin, Technical Analysis – H4
Bitcoin predictably reversed lower yesterday after testing the strong pivot zone around $67,400. Bears have now also formed a more local reversal on the hourly timeframe.
Bitcoin predictably reversed lower yesterday after testing the strong pivot zone around $67,400. Bears have now also formed a more local reversal on the hourly timeframe. We expect the development of a bearish swing from the $66,500 area, with initial targets at $64,500 and $64,000.
Key Levels:
□ 67,400 (strong pivot resistance)
□ 66,500 (key support / swing origin)
□ 64,000 (primary downside target)
Primary Scenario:
Test of the $66,500 zone, followed by a decline toward $64,000.
Alternative Scenario:
Consolidation around the $66,500 level.
Analyst Commentary:
Bitcoin remains highly sensitive to fast-moving news from the Middle East, underscoring the continued dominance of institutional demand over retail participation.
Nikolai Krishtopov ialah Penganalisis Pasaran di Investizo dengan lebih 15 tahun pengalaman dalam industri pasaran kewangan dan lebih sedekad pengalaman berdagang. Bidang tumpuannya merangkumi pasaran forex dan kripto, analisis teknikal, dagangan intraday serta gelagat pasaran.