On the H4 timeframe, the price action of $BTC got rejected f | Nazakat-f0469 on Binance Square

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On the H4 timeframe, the price action of $BTC got rejected from its horizontal resistance between 57.56% and 57.41%. Currently, the price action is attempting to break down its support trendline. We can anticipate that it will target the sell-side liquidity level marked at 56.77%. $BTC 

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*Bitcoin Analysis* SEPTEMBER 16th, 2024 ➖➖➖➖➖ ⚪️TECHNICAL (H4) The price action of $BTC on the H4 timeframe is consolidating within a symmetrical triangle pattern. Currently, it's facing rejection from the resistance trendline level 📉. We can expect the price action to respect the horizontal support level, marked between $57,240 to $56,469 📊 ⚪️WRAP-UP (VIP) The price action is currently facing rejection from its resistance trendline level 📉. It is squeezing out lower liquidity levels marked below, and with the breakdown of the support level, we may see further downward movement 📊 $BTC DAILY RANGE: 📈Upper Limit: $60,734 📉Lower Limit: $56,469 (+-7.55% based on moving average volatility open/endpoints) However, some experts believe Bitcoin is on the road to $60,000, driven by bullish on-chain data and inflows into US spot Bitcoin ETFs. It's essential to stay updated on market trends and analysis to make informed investment decisions.

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