The 4-hour chart demonstrates a tricky situation for the BTC price, as it is currently consolidating in a small descending channel at the $64K level.
If it gets broken to the downside, this becomes a classical bearish reversal price action pattern. Meanwhile, if the asset breaks higher, the pattern would fail, and a rapid rally toward the $70K area would be expected. With the RSI also showing values above 50%, the momentum still favors a bullish continuation.
