#Analysis of Bitcoin Time 4H
At present, Bitcoin fake broke the bottom of its range channel and with its good growth, it has reached its dynamic resistance, which becomes an important level.
First scenario: If this resistance level is broken and this area stabilizes, you may have to wait for the continuation of the upward trend at least up to the ceiling of the range channel.
Second scenario: If the price fails to break this level, considering that the price has broken the bottom of the range channel once, you can expect the continuation of the downward trend from Bitcoin to the range of even $52K.
👀 Due to the four-hour candlestick, we expect the price to follow the first scenario as an upward momentum.
At present, Bitcoin fake broke the bottom of its range channel and with its good growth, it has reached its dynamic resistance, which becomes an important level.
First scenario: If this resistance level is broken and this area stabilizes, you may have to wait for the continuation of the upward trend at least up to the ceiling of the range channel.
Second scenario: If the price fails to break this level, considering that the price has broken the bottom of the range channel once, you can expect the continuation of the downward trend from Bitcoin to the range of even $52K.
👀 Due to the four-hour candlestick, we expect the price to follow the first scenario as an upward momentum.
