BTC/USDT 4-hour chart !!
2025-01-14
Category: None

The BTC/USDT 4-hour chart highlights key technical levels and potential market movements:

Bitcoin has rebounded strongly from the green horizontal demand zone near $92,000-$94,000, indicating that buyers are coming to defend this crucial level.
A descending trendline continues to act as resistance around the $98,000-$100,000 range. A breakout above this line will signal a shift in momentum towards the bulls.

The recent surge indicates renewed buying interest, and if Bitcoin maintains this upward momentum, it could challenge the descending trendline in the near term.
A breakout above this resistance could open the door for further gains, potentially targeting the $102,000-$105,000 range.
Moving Averages:

The 21-period moving average is currently at $94,105 and could act as a dynamic support level if the price pulls back.
A clean break above the descending trendline could start a strong upward rally, with higher price targets in sight.

If Bitcoin fails to move above the trendline and reverses, retesting the green demand zone becomes possible. A breakdown below this zone could trigger further upward pressure.

Traders should keep an eye out for a decisive breakout or rejection at the trendline to confirm the market’s next direction.

Let me know if you’d like further assistance or adjustments!

DYOR. NFA
