Hello, traders welcome you all to this BTC 4hr chart update.
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Let’s look into the chart,
As BTC was able to bounce back to regain its previous position from 20.7k to 24k.
In the current scenario, BTC got rejected from its 24.4k resistance zone and currently trading at the price level of $23786. Here a bit of more pullback is likely in upcoming hours towards the lower green support of the 22.9k level.
We can witness a quick bounce from the green support level towards the upper resistance level to break above this 5 weeks channel pattern.
A candle that closes below the lower green support zone will lead BTC again towards the lower support level of 20.9k.
Let’s see how it goes in the upcoming hours and stay tuned with us we will keep updating you.
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This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.