Bitcoin Technical Analysis – H4

BTC is testing a complex resistance area at $65,200–65,550, where the bulls’ potential for further corrective upside may be exhausted. However, another important supply zone remains overhead at $66,500. A test of this level cannot be ruled out, yet it would likely represent the upper limit of buyers’ ambitions within the current medium-term advance.

Key Levels:

□ $62,500 — Support

□ $65,200–65,550 — Resistance

□ $66,500 — Supply zone / Resistance

Primary Scenario:

Reversal lower from the $65,200–65,550 zone.

Alternative Scenario:

Advance toward $66,500, followed by a reversal lower.

Analyst Commentary:

In both cases the downside target for selling remains the $62,500 support zone.