Bitcoin Breakout: Resistance or Fakeout?

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Bitcoin (BTC) Analysis – 4-Hour Timeframe 📉
The Bitcoin chart is generally in a bearish trend on higher timeframes, and currently, it is ranging within a certain zone. The price is moving below the dynamic resistance line, which represents a moving resistance level that might push the price further down.

Possible Scenarios 🔮

Bullish Scenario: If the price manages to break above this resistance level, we could expect a medium-term upward move, possibly reaching the 78000 level.

Bearish Scenario: However, the bearish scenario remains a valid possibility. The price might fake out the resistance and continue its downward movement, possibly reaching 55000

Disclaimer 📢
This analysis is for educational purposes only and does not constitute any buy or sell recommendations. Please conduct your own research and consider various analyses before making any decisions.

Poll 📊
What do you think about this analysis? Do you think the price will break through the dynamic resistance and move upwards, or will it continue the downward trend?

🟢 Bullish (Long)

🔴 Bearish (Short)

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