BITCOIN / UNDER BULLISH PRESSURE / 1H
2024-10-05

BITCOIN / 1H TIME FRAME 

 HELLO TRADERS  

Overall Bullish Pressure , The market is expected to generally favor upward movement.

Key Resistance Level - 62,413 , If Bitcoin remains below this level, it indicates potential bearish momentum, pushing the price toward a demand zone between 61,251 and 60,717. A break below this zone could signal further declines.

KeySupportLevel62,413 , Conversely, if Bitcoin trades above 62,413, bullish momentum is expected, with the price potentially rising to an FVG (Fair Value Gap) area between 63,077 and 63,557.
 
Further Upside , A break above the FVG area could see the price rising into the supply zone between 63,889 and 64,165, where selling pressure may increase.

Supply Zone : 63,889 and 64,165.
Demand Zone : 61,251 and 60,717.
FVG : 63,077 and 63,557.