📈LONG: $BTC (4H)
Analysis:
Bitcoin made a bullish move up to the resistance line, breaking the $64,400 level. However, it corrected down to around $49,000, breaking two significant levels and exiting the rising channel. It looks like there's a potential for another upward move if it can break the current trendline resistance.
Price Targets:
If Bitcoin can break above the trendline, the next price targets to watch are $60,000 and $64,400. On the downside, if it fails to hold the support at around $55,300, we could see a retest of the $49,000 support level. Keep an eye on these levels for the next key moves!
