Two Different Scenarios of : $BITCOIN

🔵 Today, by examining the bitcoin chart in 4-hour timeframe , we see that the price is in a price compression range and will not follow a specific trend until it breakout of this range. There are currently two scenarios that will be mentioned below :

🔴 First Scenario ( Bearish Scenario) : If the price penetrates its key support level ($ 45,600 to $ 46500) and closes below $ 45,600, our bearish scenario is confirmed and we can expect a fall 42K , 44.4K and even If the sales pressure is high , it will drop to $ 39,900 up to 40K.

🟢 Scenario 2 ( Bullish Scenario): Maintain the above-mentioned static support, and then move to the next targets (shown on the chart) by breaking their dynamic resistance and stabilizing above $ 50,300 . Targets : ($ 53,250 , $ 55,720 and $ 59,120)

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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 15.DEC.2021
⚠️(DYOR)

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