Bitcoin, Technical Analysis – H4

Bitcoin is approaching a critical resistance zone at $67,000–68,000. This area will largely determine the medium-term outlook. If bears manage to defend this zone, the price could resume its decline with renewed strength. Conversely, a successful breakout would create strong grounds to declare that the market bottom has likely been formed at $58,000.

Key Levels:

□ 68,000 — Key resistance

□ 67,000 — Resistance zone lower boundary

Primary Scenario:

Reversal downward from the $67,000–68,000 zone.

Alternative Scenario:

Breakout above $68,000.

Analyst Commentary:

Both scenarios appear equally probable under current market conditions. Traders will need patience.