BTC/USDT – 4H Chart Update
Bitcoin is trading near $71.2K and is currently testing the descending trendline resistance.
Price has reclaimed the $68K–$69K support zone and moved higher.
The market is now squeezed between rising short-term support and descending resistance, forming a small triangle structure.
Momentum is improving, but resistance is still active.
Bullish Scenario:
If BTC breaks and holds above $72K, the next targets could be:
$74K
$76K resistance
Bearish Scenario:
If the breakout fails and price drops back below $69K, BTC could revisit:
$66K
$63K support
BTC is approaching a key breakout point. A move above the trendline could trigger strong upside momentum, while rejection may lead to another range pullback.
Bitcoin is trading near $71.2K and is currently testing the descending trendline resistance.
Price has reclaimed the $68K–$69K support zone and moved higher.
The market is now squeezed between rising short-term support and descending resistance, forming a small triangle structure.
Momentum is improving, but resistance is still active.
Bullish Scenario:
If BTC breaks and holds above $72K, the next targets could be:
$74K
$76K resistance
Bearish Scenario:
If the breakout fails and price drops back below $69K, BTC could revisit:
$66K
$63K support
BTC is approaching a key breakout point. A move above the trendline could trigger strong upside momentum, while rejection may lead to another range pullback.
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.
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.