Bitcoin, Technical Analysis – H4

Bitcoin is consolidating just below a massive solid concrete resistance in the $67,000–67,500 zone. Breaking through this barrier currently appears unlikely, so heightened selling pressure in this area is the most probable scenario.

Key Levels:

□ $67,000–67,500 – Major concrete resistance zone

□ $65,500–66,500 – Current consolidation range

Primary Scenario:

Continuation of consolidation within the $65,500–66,500 zone.

Alternative Scenario:

Short-term bullish impulse toward $67,000–67,500, followed by a sharp reversal lower.

Analyst Commentary:

It is still too early for long-term buying, but sellers will also need to remain patient.