$BTC — 4-Hour Chart Analysis (as of today)
On the 4-hour chart, $BTC is trading inside a short-term range between roughly $88,000–$93,000, with the upper resistance around $93 K and lower support zone near $88–$89 K.
Recently,retested the lower zone and bounced — suggesting that buyers remain active in the support area.
Momentum indicators on 4H appear mixed: some metrics (like short-term moving averages or MACD) suggest potential room to climb if breaks resistance — but others warn of possible consolidation or pullback unless price decisively breaks out.
✅ Bullish Scenario (What could go right)
If breaks and closes above ~$93,000 on 4H with volume:
Next targets around $95,000 – $96,500 become plausible.
A sustained move above could even open a path toward $98,000–$100,000+ over the coming days (assuming positive broader market conditions).
The bounce from support shows there is still buying pressure — meaning bulls have a chance if momentum builds.
⚠️ Bearish / Sideways Scenario (What to watch out for)
If fails to break above resistance or gets rejected:
It may revisit the support zone around $88,000–$89,000. A drop below that could lead to larger correction or range-bound trading for a while.
Without strong volume or macro tailwinds, the short-term trend may remain choppy — i.e. bouncing between support and resistance without clear direction.
#bitcoin #BTCVSGOLD #BTCanalysis
