Bitcoin (BTC) 4-hour chart update !!
Bitcoin (BTC) 4-hour chart update
Bitcoin has faced significant buying pressure near the $65,700 level, creating a crucial support area. Currently, BTC is trading around $66,6104, marking a slight decline of 0.57% in the last 4 hours. Despite the recent decline, the chart shows a potential bullish continuation pattern.
The highlighted area around $65,700 has acted as a strong support level, preventing further declines.
Moving Averages: The 200 MA is sloping upwards, which is a positive sign, indicating that the long-term trend remains bullish. The 100 MA is also moving upwards, reinforcing the support level.
Bitcoin continues to trade within an ascending channel, with the lower boundary of the channel currently acting as support.
Stay updated for any significant price changes or changes in technical indicators that may influence market direction.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
Bitcoin has faced significant buying pressure near the $65,700 level, creating a crucial support area. Currently, BTC is trading around $66,6104, marking a slight decline of 0.57% in the last 4 hours. Despite the recent decline, the chart shows a potential bullish continuation pattern.
The highlighted area around $65,700 has acted as a strong support level, preventing further declines.
Moving Averages: The 200 MA is sloping upwards, which is a positive sign, indicating that the long-term trend remains bullish. The 100 MA is also moving upwards, reinforcing the support level.
Bitcoin continues to trade within an ascending channel, with the lower boundary of the channel currently acting as support.
Stay updated for any significant price changes or changes in technical indicators that may influence market direction.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
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