Bitcoin, Technical Analysis – H4
Bitcoin is pressing against a decisive resistance zone. One side is about to take control — and the next $1,000 move could unfold faster than many expect.
Bulls remain in solid shape but have approached the resistance zone at $64,400–64,600, which is capable of triggering a $1,000 pullback toward $63,400. Should this resistance be broken, the next target for buyers will be another challenging supply zone at $65,200.
Key Levels:
1. Resistance: $64,400–64,600
2. Support: $63,400
3. Next resistance: $65,200
Primary Scenario:
Reversal lower from the $64,400–64,600 zone toward $63,400.
Alternative Scenario:
Breakout toward $65,000–65,200.
Analyst Commentary:
Both scenarios look equally probable, so traders will need confirming signals.
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.