BTC/USDT 4HOUR CHART UPDATE !!
2024-09-24

The recent 4-hour BTC/USDT chart update shows that Bitcoin attempts to break the downward trendline resistance of around $64,000. However, the projection indicates a downward move, potentially pushing the price toward the support zone near $50,500, which aligns with the lower green trendline. This suggests that Bitcoin may face selling pressure after failing to break this resistance, which could lead to a broader correction. How does the price react to the $63,000-$64,000 range? A successful breakout could invalidate the downward projection, while failure to sustain above $64,000 could accelerate the decline toward the projected lower support levels.


Disclaimer: This analysis is for informational purposes and not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.