FX.co ★ teagan.orn | #Bitcoin chart analysis

#Bitcoin H4

Bitcoin quotes have now moved above the 64525 level, and the moving average is below the price, which supports the bullish sentiment. So right now there is a chance for the upward move to continue, and it would be good if the price consolidates above this level to give more confidence in further upside. The next target to the upside can reasonably be considered the resistance at 66829, and then we’ll see how it goes and deal with it based on the situation. As for the downside scenario, if the price fails to consolidate above and falls back below the level, that will clearly point south toward the support at 61873. All the best to everyone.