*
*BTC 4H: $64,780 Test | Descending Triangle Breakout Incoming?*
Bitcoin is knocking on a major resistance door.
*Chart Breakdown:*
- *Current Price*: $64,780
- *Pattern*: Descending triangle with resistance line from $66,800 down to ∼$64,800
- *Recent Low*: $62,400 - $62,800 zone held twice. Strong demand there.
- *Recent High*: Rejected at $65,200 - $65,600 area last week
*What to Watch:*
BTC has been making higher lows since the $62.4K wick. That’s bullish structure. Now price is testing the descending trendline at $64,780.
1. *Bullish Case*: A 4H close above $64,850 with volume flips the trendline to support. Next targets: $65,600 → $66,000 → retest $66,800 highs.
2. *Bearish Case*: Rejection here sends BTC back to retest $64,000, then $63,200 support.
The longer BTC coils under this trendline, the bigger the breakout move will be.
#BTC
$BTC
*BTC 4H: $64,780 Test | Descending Triangle Breakout Incoming?*
Bitcoin is knocking on a major resistance door.
*Chart Breakdown:*
- *Current Price*: $64,780
- *Pattern*: Descending triangle with resistance line from $66,800 down to ∼$64,800
- *Recent Low*: $62,400 - $62,800 zone held twice. Strong demand there.
- *Recent High*: Rejected at $65,200 - $65,600 area last week
*What to Watch:*
BTC has been making higher lows since the $62.4K wick. That’s bullish structure. Now price is testing the descending trendline at $64,780.
1. *Bullish Case*: A 4H close above $64,850 with volume flips the trendline to support. Next targets: $65,600 → $66,000 → retest $66,800 highs.
2. *Bearish Case*: Rejection here sends BTC back to retest $64,000, then $63,200 support.
The longer BTC coils under this trendline, the bigger the breakout move will be.
#BTC
$BTC