Bitcoin Analysis 🟣📊
Bitcoin 4-Hour Time Frame Analysis
Bitcoin is currently showing a bullish flag pattern, facing major resistance at $61,800, with immediate support at $58,500. The primary support area is at $55,500. To maintain the uptrend, Bitcoin must break through this pattern and test $64,500. After a successful breakout, a retest of $61,500 is expected before a significant move towards $69,500.
This analysis highlights the importance of confirming the breakout and successive tests of support to maintain the upward momentum.
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