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BTC

105,333.09

+1.03%

Bitcoin (BTC) Analysis at 4 Hours: Key Reversal Zones Amid Geopolitical Noise

Recent geopolitical tensions between Israel and Iran have briefly disrupted Bitcoin's short-term price action, but so far, no major catastrophe has affected the market trajectory.

Key Reversal Zones to Watch 🎯

Based on the Fibonacci retracement levels of recent price movements, two critical zones could offer potential reversals:

Zone 1: 0.618 - 0.786 Fib Level ($102,000 - $104,000)

This zone represents the first potential support area where Bitcoin could find buying interest. The price could bounce here before attempting an upward move.

Zone 2: 1 - 1.272 Fib Extension ($96,000 - $99,000)

If the first zone fails, this deeper retracement level offers a secondary reversal point, likely attracting buyers looking for a larger bounce.

Price Outlook 📈

Despite short-term volatility, the upside target remains strong at $119,000, reflecting the ongoing bullish momentum from previous price action. The chart shows possible retracements to previous zones before a major rally resumes.

Final Thoughts

Traders should keep an eye on these Fibonacci zones for signs of reversal or continuation. Geopolitical news can cause temporary disruptions, but the technical setup favors a bullish scenario in the medium term.