Bitcoin – 4 Hour Frame
Bitcoin has reached a resistance range of 93,195 and closed above it, which is considered a positive close.
However, the resistance extends between 93,195 – 93,808, and we have not seen a clear close above this area yet.
If it closes clearly above the resistance:
It targets the weekly gap at 96,400 – 99,136
And that’s why you will find discussions about targets of 97 or 100; all of which fall within the gap.
However, if it does not close above the resistance:
Any correction towards the gap below 90,180 – 87,645 is considered very natural, representing an excellent entry opportunity with a stop loss placed below the gap.
We continue to monitor…
Either a close and a breakout, or a correction and continuation of the trend.
Crypto Lens
$BTC
Bitcoin has reached a resistance range of 93,195 and closed above it, which is considered a positive close.
However, the resistance extends between 93,195 – 93,808, and we have not seen a clear close above this area yet.
If it closes clearly above the resistance:
It targets the weekly gap at 96,400 – 99,136
And that’s why you will find discussions about targets of 97 or 100; all of which fall within the gap.
However, if it does not close above the resistance:
Any correction towards the gap below 90,180 – 87,645 is considered very natural, representing an excellent entry opportunity with a stop loss placed below the gap.
We continue to monitor…
Either a close and a breakout, or a correction and continuation of the trend.
Crypto Lens
$BTC
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BTC
93,790
+4.25%
