đš Bitcoin Price Alert: Struggling at $63,437 Resistance! đ
Current price action on the 4-hour chart shows #Bitcoin hovering around $62,917, caught between critical support and resistance. Bulls are targeting $63,437.69, while bears eye potential breakdown points.
đ Key Levels to Watch:
Resistance: $63,437.69, $63,742.16, $64,220
Support: $62,906.6 (breaching this could lead to deeper support at $60,308 and $60,246)
The 9 and 20 EMAs hint at a cautiously bullish outlook, but the MACD indicates weakening momentum. Traders should stay alert for potential crossovers and shifts in trend as volatility looms.
Monitor these levels closelyâBitcoin's next move is critical!
For the full analysis and trade strategy, check out www.ecoinimist.com.