#What’sNextforBitcoin?

#BTC In the 4-hour chart, the descending channel reached its target without retesting. When approaching the resistance zone at 74496-71237, it was sold again. During the pullback, the 67300 level at Fibonacci 0.618 is a support. This level could be a point where buyers may come in. If the support holds, it could rise again toward the blue box.

If the blue box resistance is broken on the upside, according to the wave equality principle, the rally could continue up to 61%.
A daily close above 98200 would mark the first high peak according to the latest wave, increasing the likelihood of continued upward movement.
If it reaches the 107-109k zone, a bearish Libra scenario will come into play.
If it cannot close above the last peak, the formation becomes active and a decline could occur again.

If the decline deepens, the support levels to watch are 62433-55230-47256.