🧠GM Wisdomisers, hereby we will share our Insight for $BTC in the coming week 🕯
#BTC
Let's Dive In:
⏳ In the 4-hour time frame, it remains in a downward range. The bottom of this downward range is $56,590, and the top of this range is $73,770.
⏳ Currently, the price is overlapping two resistance zones; thus, there are two scenarios for the possible price movement.
🔤 Scenario A - Bearish Breakdown:
🔶If the price fails to break above $72,171 and closes below this level, we could see a sharp downward movement.
🔶Due to the weakness of the range support ($56,590), there is a possibility of a breakdown and a hunt for the bottom.
🔶There are significant liquidity levels along the way that could have a positive impact on the price after being hunted, such as:
🔸 $70,086.12
🔸 $64,627.95
🔤 Scenario B - Bullish Breakout:
🔶 If the price can break through these two resistance zones with strength, we could see a target of the range breakout or hunt high ($73,867.57).
🔶 If this resistance is broken and held, the support at $68,166.44 will be confirmed and become a very important support level.
To check the charts, check out our 🧵 on X
here⚠️ Disclaimer: Wisdomise's analyses are based on price probabilities and do not provide specific buy or sell signals. Wisdomise does not state or announce financial advice; any financial decision is yours.
