#BTC

When examining the 4-hour chart of BTC, it is clear that BTC is oscillating in a consolidation phase. Historically, following such periods of consolidation, BTC tends to experience an increase or rise in price movement. While BTC is not currently firmly entrenched in a consolidation phase, the chart is showing signs of this forming, pointing to a potential continuation of this pattern.

Based on this analysis, there is an expectation that BTC may rise towards the 53 thousand level in the near future. However, it is important to pay attention to important support and resistance levels in this range. The 51,200 price level stands out as an important second major support and indicates a level where buying pressure can increase significantly.

Conversely, the 52,800 price level forms a formidable barrier as a strong resistance level. This suggests that BTC may face selling pressure in this range, potentially hindering its upward move.

In summary, current chart analysis suggests a possible bullish scenario for BTC with a target around 53k. However, you should be especially careful of the support and resistance levels at 51,200 and 52,800 respectively, as they may affect price movement in the short term.#Write2Earn#PIXEL#TrendingTopic#WLD