Hello, traders welcome you all to this BTC 4hr chart update.
If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly.
Let’s look into the chart,
As BTC was able to bounce back to regain its previous position from $20.7k to $24k.
In the current scenario, BTC got rejected from its $24.4k resistance zone and currently trading at the price level of $23786.
Here a bit of more pullback is likely in upcoming hours towards the lower green support of the $22.9k level.
We can witness a quick bounce from the green support level towards the upper resistance level to break above this 5 weeks channel pattern.
A candle that closes below the lower green support zone will lead BTC again towards the lower support level of $20.9k.
Let’s see how it goes in the upcoming hours and stay tuned with us we will keep updating you.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
If you find my updates helpful and productive, hit the like button follow and comment your view in the comment section, this motivates me to bring this kind of update regularly.
Let’s look into the chart,
As BTC was able to bounce back to regain its previous position from $20.7k to $24k.
In the current scenario, BTC got rejected from its $24.4k resistance zone and currently trading at the price level of $23786.
Here a bit of more pullback is likely in upcoming hours towards the lower green support of the $22.9k level.
We can witness a quick bounce from the green support level towards the upper resistance level to break above this 5 weeks channel pattern.
A candle that closes below the lower green support zone will lead BTC again towards the lower support level of $20.9k.
Let’s see how it goes in the upcoming hours and stay tuned with us we will keep updating you.
NOTE: If you find this update helpful, hit the like button and follow for this kind of regular update.
If you have anything to ask about this analysis you can ask in the comment section.
This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
