Bitcoin, Technical Analysis – H4

Bitcoin has confirmed a local upward reversal. However, buyers face a significant challenge at the $64,000 resistance zone. Overcoming it (which is unlikely to happen easily or quickly) would open the path toward $67,000.

Key Levels:

□ $64,000 — strong resistance

□ $67,000 — next major upside target

□ $65,000 — intermediate level (alternative scenario)

Primary Scenario:

Growth toward $64,000, followed by consolidation in this zone to gather strength before the next upward move.

Alternative Scenario:

Breakout above $64,000 and continuation toward $65,000.

Analyst Commentary:

Bitcoin will remain highly sensitive to the fundamental backdrop. The “store of value” narrative has been largely undermined.