Bitcoin Breakout: Resistance or Fakeout?Bitcoin / TetherUSBINANCE:BTCUSDTforexcitypro_leemeenalHello and greetings to all our dear followers on TradingView! We truly appreciate your support and for following us on TradingView. 😊 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) #Bitcoin #BTC #TechnicalAnalysis #Resistance #Support #MarketAnalysis #Breakout #CryptoAnalysis #TradingView #PriceAction #Long #Short