$BTC

Technical Analysis (4 hours)

Bitcoin has risen again after retesting horizontal support and is now approaching trendline resistance.

A successful breakout and subsequent retest of the trendline would confirm an uptrend.

Conversely, a rejection at the trendline followed by a breakdown and retest of the horizontal support would confirm a bearish outlook.

🔸️🔸️Conclusion 🔸️🔸️

Bitcoin has risen again after retesting horizontal support and is now approaching trendline resistance. A breakout and retest would confirm an uptrend, while a rejection and retest of the breakdown would confirm a bearish trend.

BTC Daily Price Range:

📈High: 57700

📉Min: 54500

(+-10% based on moving average volatility at open/end points)