$BTC Quick Analysis of Bitcoin on the 4-Hour Time Frame
Bitcoin is currently exhibiting a double top formation, indicating a potential reversal in trend. The price has recently touched the 20-period moving average, which often serves as a key resistance level. Additionally, there is a noticeable weakness in demand, suggesting that a decline could be imminent.
Given these factors, it is likely that Bitcoin may drop to the level of 95,000, ,, ,with an increased probability of reachin90,000 if the downward momentum persists. Traders should monitor these levels closely for potential entry or exit points.