๐ Bitcoin Price Prediction (4H Timeframe)
Bitcoin recently peaked at $123,214 before facing resistance and pulling back.
โ Bullish Case
If BTC holds above the EMA 10 ($119,839) and regains strength:
It may aim to retest $121,600 โ $123,200
A strong breakout above $123,200 could push it toward $124,700
โ ๏ธ Bearish Case
If BTC fails to hold $119,800:
It may retrace toward $118,200 (EMA 20)
A deeper correction could test $117,000 โ $115,000
๐ Indicators Overview
MACD is weakening, suggesting a potential shift in momentum.
Volume is decreasing slightly after the recent peak, indicating caution among buyers.
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๐ Conclusion:
BTC is at a critical support zone. A bounce could revive the bullish trend, but a breakdown below $119,800 might invite further selling pressure.