🧐 BTC/USD: Testing Critical Resistance on the 4H Chart Bitcoin is currently grappling with a major resistance zone, marked by the descending trendline (the upper gray line).
Current Price: Approximately $$$89,672.
Key Resistance Test: Price is right at the intersection of the descending resistance trendline and the psychological $$$90,000 level.
Crucial Support: Immediate support is near the $$$87,000 horizontal line, and the 9-period Moving Average (MA) is currently at $$$88,554, providing dynamic support just below the current price.
📈 What to Watch: Breakout Confirmation: A decisive break and close above the trendline and $$$90,000 would be a very bullish signal, potentially opening the door for a move toward $$$93,000 and $$$95,000.
Rejection Risk: If the resistance holds, we could see a rejection back toward the $$$87,000 support level.
What are your thoughts? Bullish breakout or bearish rejection? 👇