BTCUSD has been creating higher lows on the 4h time frame.
EMA10 (green line) is working as resistance. If EMA10 is broken, we can move straight to EMA50 (magenta line) and reach our first target.
In the meantime, Bitcoin will continue sideways with EMA10 as resistance and $4200 as support.
If $4200 breakdown we are looking at $3980 (~$4000) next followed by $3800 and finally $3500.
The Bitcoin bear market can prolong for several more months if these support levels are tested. Better if Bitcoin holds here and tries to climb back up.
Thanks a lot for reading and all the support. Truly appreciated.
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Have a great weekend... always.
Namaste.