$BTC Forecasts for the Next Four Hours
Continuing Downtrend 116,800 – 117,500 Continuing Decline within a Similar Technical Support Range
Partial Upward Correction 117,500 – 118,200 Potential Rebound with Medium Support and Positive MACD
Break Below Support Below 116,800 Rare, but possible in case of a sudden strong selling pressure
Overall Context and Today's Movement
The price is currently trading around 117,800 – 118,200 dollars, and is close to a resistance area that has been tested several times between 120,000 and 119,000 dollars.
Technical resistance exists between 119,000–121,000 dollars, which could be a potential target in case of a positive breakout during the next four hours.
Main support around 115,000–116,000 dollars, although not directly targeted on the short time frame, it is important as a price barrier level.
Continuing Downtrend 116,800 – 117,500 Continuing Decline within a Similar Technical Support Range
Partial Upward Correction 117,500 – 118,200 Potential Rebound with Medium Support and Positive MACD
Break Below Support Below 116,800 Rare, but possible in case of a sudden strong selling pressure
Overall Context and Today's Movement
The price is currently trading around 117,800 – 118,200 dollars, and is close to a resistance area that has been tested several times between 120,000 and 119,000 dollars.
Technical resistance exists between 119,000–121,000 dollars, which could be a potential target in case of a positive breakout during the next four hours.
Main support around 115,000–116,000 dollars, although not directly targeted on the short time frame, it is important as a price barrier level.