BTC/USDT 4HOUR CHART UPDATE !!
The attached BTC 4-hour chart update shows that the price of Bitcoin appears to be at a critical juncture. The highlighted orange zone suggests a potential area of resistance, and the chart shows two possible scenarios for the near future:
Bullish Scenario (Green Path):
If Bitcoin can break above the resistance around $65,000, we might see a continuation of the upward trend, potentially reaching the next major resistance around $74,000.
Bearish Scenario (Red Path):
If Bitcoin fails to break above the resistance and drops below the support around $64,000, a bearish trend could take it down to the lower support levels, possibly around $55,000.
Key points to watch:
The movement around the $65,000 mark will determine the short-term direction.
Any significant move accompanied by volume could provide a clearer signal of the next trend.
It's important to monitor these levels and watch for any confirmations in the price action.
Remember: This is not financial advice.
Bullish Scenario (Green Path):
If Bitcoin can break above the resistance around $65,000, we might see a continuation of the upward trend, potentially reaching the next major resistance around $74,000.
Bearish Scenario (Red Path):
If Bitcoin fails to break above the resistance and drops below the support around $64,000, a bearish trend could take it down to the lower support levels, possibly around $55,000.
Key points to watch:
The movement around the $65,000 mark will determine the short-term direction.
Any significant move accompanied by volume could provide a clearer signal of the next trend.
It's important to monitor these levels and watch for any confirmations in the price action.
Remember: This is not financial advice.
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