Bitcoin 4-Hour Technical Analysis (20 January 2025, 01:13 AM PST)

Support & Resistance Levels:

🔹 Support: 104,500

🔹 Resistance: 108,000

Key Indicators:

🔸 RSI: Hovering around 65, indicating bullish momentum. A move above 70 could signal an overbought zone.

🔸 MACD: Bullish crossover visible, but shrinking histogram hints at slowing buying momentum.

🔸 Volume: Stable, awaiting a spike to confirm price direction.

Fundamentals:

✅ Bitcoin adoption and ETF approval news maintain a bullish sentiment.

⚠️ Global crypto regulations remain uncertain.

📊 Market dynamics suggest potential movement; keep an eye on key levels for entries and exits!

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