#BTC (four-hour chart) 🔥
Bitcoin tested the exponential moving average EMA of 100 D as a support level, simultaneously collecting liquidity under a local minimum in the area of $64,600.
At the same time, the Balance Volume line has reached trend support, which may indicate the beginning of a rebound in the asset.
Bitcoin is approaching the EMA 21 4H, overcoming which will send the price to the upper boundary of the Triangle.
CoinGlass data indicates that over the past seven days, the most liquidity has accumulated in the region of $67,500.
We think that in the near future Bitcoin will reach this zone.
Then a pullback is possible with continued price consolidation between the volume level of $67,000 and the EMA 100 D.
Depending on which way the asset will break out of this consolidation, the direction for further movement will be set.
If the Bitcoin is fixed above the POC mark ($67,000), the asset will continue to grow.
The departure of the price under the EMA 100 D will strengthen the sellers' positions and turn into a descent to the area of $61,000 — $62,500.