$BTC

BTC

90,237.76

-2.71%

The 4-Hour Chart

On the 4-hour chart, Bitcoin is on the verge of breaking above the bearish trendline with strong momentum. The fact that the price has created a higher low around $83K after weeks, fuels the sharp rally in this timeframe.

The asset is now testing the horizontal resistance around $93K and also tagging the descending trendline. This confluence makes the current zone critical. A clean break above and hold could open the door to the $103K supply zone. In comparison, a rejection here would likely lead to a pullback toward $88K, and potentially even a continuation of the bearish trend if it breaks below the $80K critical support zone.#BinanceBlockchainWeek #BTC86kJPShock #BTCRebound90kNext?