By analyzing the Bitcoin (BTC) chart on the 4-hour timeframe, we can see that after rallying up to $126,000 and setting a new all-time high (ATH), the price faced a sharp correction and is now trading around $119,000.
This drop could extend further toward $117,000, which is a key level to watch closely. If Bitcoin manages to hold above this zone, we could see the next bullish wave begin. Otherwise, the next major demand zones are at $115,000, $113,500, and $112,120.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
This drop could extend further toward $117,000, which is a key level to watch closely. If Bitcoin manages to hold above this zone, we could see the next bullish wave begin. Otherwise, the next major demand zones are at $115,000, $113,500, and $112,120.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
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⚜️ Free TG Channel : t.me/PriceAction_ICT
⚜️ Contact for VIP : t.me/ArmanShabanTrading
🎉 The Best Crypto Exchange (LBank) : bit.ly/4oNB5yr
✅ Top Broker (OpoFinance) – Trade directly on TradingView 👉 bit.ly/4nw4Dzz
⚜️ Contact for VIP : t.me/ArmanShabanTrading
🎉 The Best Crypto Exchange (LBank) : bit.ly/4oNB5yr
✅ Top Broker (OpoFinance) – Trade directly on TradingView 👉 bit.ly/4nw4Dzz
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.