Bitcoin Price Analysis: Key Zones to Watch on the 4-Hour Chart

What is Happening in the Chart?

1. Resistance and Supply Zone (Order Block): Bitcoin is approaching a significant bearish order block (red zone) near the $100,000 mark. This area represents resistance where sellers may take control, pushing the price downward.


2. Potential Retracement: Before continuing its upward trend, Bitcoin may retrace to fill the fair value gap (FVG) and test the 0.5-0.618 Fibonacci retracement levels. These zones are historically strong areas for buyers to re-enter the market.


3. Support and Demand Zone: The bullish order block (green zone) near $92,000 aligns with the retracement zone. This is where Bitcoin might find strong support before resuming its upward trajectory.



Outlook for BTC/USDT
The chart predicts a potential pullback to $92,000-$95,000, followed by a bullish rally aiming to break through resistance at $100,000. If Bitcoin clears the bearish OB, the price could target new highs, potentially surpassing $105,000.

Key Levels to Watch:

Resistance: $100,000 (Bearish OB)

Support: $92,000-$95,000 (Bullish OB and Fibonacci zone)



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Disclaimer:

This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile, and trading involves significant risks. Always conduct your own research or consult with a financial advisor before making any trading decisions.