$BTC 4HR Update — Bitcoin Is Back At The Highs
Bitcoin $BTC
has pushed hard from the 83k area and is now trading back around 86.5k, right underneath the previous high around 87.2k.
The interesting part is what happened underneath the move.
A fresh orderzone has now formed around 83k, and price has already reacted strongly from it. That gives me a new short-term support area to work with if Bitcoin pulls back from here.
Right now, the chart is pretty simple.
Bitcoin is pressing directly into the 87k resistance area again.
If price can break above 87.2k and actually hold there, then the next level I’m watching is around 89.7k.
But if Bitcoin rejects from the highs again, then I’m watching 84.1k first, followed by the fresh 83k orderzone.
That 83k area is important because it is now the base of the latest push higher.
Lose that, and the larger support zone around 80.3k to 81k comes back into focus.
Momentum has also pushed hard with price, with CCI now sitting well above its normal range, so I’m not interested in blindly chasing Bitcoin directly into resistance.
Key levels I’m watching:
• Current area: 86.5k
• Major resistance: 87.2k
• Next upside level: 89.7k
• First pullback level: 84.1k
• Fresh orderzone: around 83k
• Larger support: 80.3k to 81k
• Major support below: 75k
For me, the move from 83k has been strong.
Now #Bitcoin is back at the same highs that rejected it before.
Break and hold above 87.2k, and the next upside level opens up.
Reject again, and I’m watching whether that fresh 83k orderzone can defend the pullback.
For more regular Bitcoin updates, check the link in my bio.
Bitcoin $BTC
has pushed hard from the 83k area and is now trading back around 86.5k, right underneath the previous high around 87.2k.
The interesting part is what happened underneath the move.
A fresh orderzone has now formed around 83k, and price has already reacted strongly from it. That gives me a new short-term support area to work with if Bitcoin pulls back from here.
Right now, the chart is pretty simple.
Bitcoin is pressing directly into the 87k resistance area again.
If price can break above 87.2k and actually hold there, then the next level I’m watching is around 89.7k.
But if Bitcoin rejects from the highs again, then I’m watching 84.1k first, followed by the fresh 83k orderzone.
That 83k area is important because it is now the base of the latest push higher.
Lose that, and the larger support zone around 80.3k to 81k comes back into focus.
Momentum has also pushed hard with price, with CCI now sitting well above its normal range, so I’m not interested in blindly chasing Bitcoin directly into resistance.
Key levels I’m watching:
• Current area: 86.5k
• Major resistance: 87.2k
• Next upside level: 89.7k
• First pullback level: 84.1k
• Fresh orderzone: around 83k
• Larger support: 80.3k to 81k
• Major support below: 75k
For me, the move from 83k has been strong.
Now #Bitcoin is back at the same highs that rejected it before.
Break and hold above 87.2k, and the next upside level opens up.
Reject again, and I’m watching whether that fresh 83k orderzone can defend the pullback.
For more regular Bitcoin updates, check the link in my bio.
