Bitcoin, Technical Analysis – H4

Bitcoin is re-testing the strategically important support zone around $61,300, which previously provided some stabilization after successfully defending the key psychological level of $60,000. If bulls manage to hold the current levels today, they will have an opportunity to develop a medium-term corrective rally toward the $67,000 area.

Key Levels

□ $61,300 — Immediate support  

□ $63,000 — Key resistance / breakout level  

□ $60,000 — Critical psychological support  

□ $64,000–$67,000 — Medium-term upside targets  

Primary Scenario:

Consolidation and sustained move above $63,000, with potential follow-through toward $64,000.

Alternative Scenario:

Breakdown below $61,300 support, increasing downside risks toward $60,000 and lower.

Analyst Commentary:

The crypto market does not appear strong at the moment. Fresh growth drivers and greater confidence are required before we can shift the overall market sentiment to a more bullish outlook.