Bitcoin 4h chart

Short-term analysis

12/13 days until Halving 2024

Current price $69352

Resistance at this exact point, we broke below the upward trend line (yellow), now we are in a pullback, where the price retests this region coming in the opposite movement, it is very important to overcome $70k to have prospects of continuing the upward movement in the short term.

Second resistance at the next top, at $72k

Third resistance, all-time top at $73800

Fall scenario takes us to the first support at $64500, which also has contact with another upward trend line (white), this is stronger, comes from a longer period on the chart, has greater influence, touch this price range again will be a buying opportunity for the medium/long term, if we fall again of course

It is important to consider that the price is appreciating over the weekend, this is not the best scenario, as on Monday with the opening of markets and ETF negotiations, we will have a GAP (hole) in the ETF charts and futures traded on stock exchanges, it can trigger a short-term sale in order to seek liquidity and close the GAP, this is common, but not an unbreakable rule.