Bitcoin Technical Analysis
Bitcoin price failed to take off 4650-4750 resistances, trying to build double top pattern on 4 hour chart, though on 1 hour chart double top pattern created thats indicating a short term postential selloff, technical indidcater showing half way signals either btc value can crush possible resistance or once again test it bottom support by falling below 4500$.
On 4 hour chart, 4200$ looking a very strong support rright now, if it will fall below this support, we might see a huge drop, if we talk about resistance, 4650-4750$ are both standing as mojor resistance to the way of ATH 5000$, breaching of these resistance could increase energy of btc move, in short these resistance will decide btc can reach its ATH Or not.....
Trend Lines marked on chart
Good Luck!!!!!
On 4 hour chart, 4200$ looking a very strong support rright now, if it will fall below this support, we might see a huge drop, if we talk about resistance, 4650-4750$ are both standing as mojor resistance to the way of ATH 5000$, breaching of these resistance could increase energy of btc move, in short these resistance will decide btc can reach its ATH Or not.....
Trend Lines marked on chart
Good Luck!!!!!
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