BTCUSD chart Analysis 4hour check Captain

This is a 4-hour candlestick chart of Bitcoin (BTC) against the US Dollar (USD) on the BITSTAMP exchange. Here’s what it indicates:

1. Key Price Levels:

Current BTC price: $98,144

Buy price: $98,154

Sell price: $98,142

Support levels: $94,382 and $89,065 (marked in blue)



2. Technical Analysis:

The blue horizontal lines represent key support zones.

BTC has recently tested the $94,382 support level and bounced back.

The blue upward arrow suggests a bullish outlook, indicating a potential rise in price from this support.



3. Possible Scenarios:

If BTC holds above $94,382, it could push higher, potentially toward $100,000 or more.

If BTC breaks below $94,382, it might fall toward the $89,065 support level before bouncing back.




This chart suggests a bullish reversal is expected from the support level. Are you considering a trade based on this setup?