Bitcoin (#BTC ) 💰 4h Time Frame
Bitcoin continues to rise 📈 as tensions in the Middle East remain subdued. Meanwhile, the stock market remains bullish on the back of a strong first-quarter earnings season.
From a technical perspective, the situation is now clear: 👉 the price has tested the upper boundary of the $74,800 resistance zone as support, where it received a positive response from buyers 💰 following yesterday’s news, providing grounds to for the upward price trend to continue.
I expect to see liquidity drain above $79,000 in the near future 👀 (this is where the sharp sell-off began in February), after which we may see a strong reaction from sellers and a retest of $74,800.
⛔️ This scenario would be invalidated if the price falls below $75,500. We are seeing the usual rebounds in altcoins following a prolonged decline.
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