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On the 4-hour chart of the Bitcoin cryptocurrency, a Bearish 123 pattern appears followed by the appearance of Divergence between the Bitcoin price movement and the Stochastic Oscillator indicator, all of which confirm that in the near future Bitcoin has the potential to weaken, where the level of 81426.50 will be tested to be broken and closed below it. If it is successful, then Bitcoin has the potential to continue its weakening to the level of 77770.74 and if the momentum of the weakening and its volatility support it, then 73058.88 will be the next target to be targeted, but if during the weakening process there is a sudden strengthening again, especially if it breaks through and closes above the level of 92739.88, then all the weakening setups that have been described previously will be invalid and automatically canceled by themselves.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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