BTCUSDT - H4 Analysis For Next Possible Move!
2025-02-16
Category: None

Hello Traders!
As price is moving within a downward-descending channel, which suggests a bearish trend.

The chart labels this pattern as a Descending Channel, which typically signals continued downward movement unless a breakout occurs.

Bitcoin is currently priced at $97,680.

A breakdown from the descending channel, leading to lower price levels.

The target price is set at $84,020.27.

The price is expected to test the lower boundary before breaking further down.

If BTC breaks below $92,604.67, it may trigger further declines toward $84,020.27.


 Alternative scenario  

May wait for a breakout above the descending channel to confirm a trend reversal.

If BTC breaks upward, a move toward $100,000+ could be considered.

Thanks 

Regard: PipsOptimizer