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.
The trade levels, signals and forecasts in this article are calculated automatically from technical indicators and price history. They are not investment advice or a recommendation to buy or sell any financial instrument. Past performance and forecasts do not guarantee future results. Risk Warning: CFDs are complex financial products traded on margin. Trading CFDs is risky and may not be suitable for all investors. Ensure you understand the risks involved as you may lose all your invested capital.
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.
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