Bitcoin Analysis
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⚪️TECHNICAL (H4)
On the H4 timeframe, the price action is respecting its horizontal resistance level marked between $65,472 and $64,558. 📊
*The price action is consolidating in a compression phase, struggling to print higher highs, indicating a potential pause or reversal in the upward movement.*🔄
⚪️WRAP-UP (VIP)
On the H1 timeframe, the price action is showing the formation of a double top pattern, 📈
with the price currently consolidating above its horizontal support region. 📊 This suggests potential bearish momentum if the support level is breached.
