Bitcoin Analysis (Daily Time Frame)
Bitcoin increased in price to 73,734 and hunted liquidity at the peak of the corrective channel before declining to around 68,800.
Main Scenario: If the 74,000 level is broken and consolidated above, there is a possibility of price increasing to 86,500.
Alternative Scenario: If the price breaks and consolidates below the 65,100 area, a decline to around 56,000 is likely.
Bitcoin Analysis (4-Hour Time Frame)
In the 4-hour time frame for Bitcoin, if it fails to consolidate above 71,603, a price decline to around 66,821 is probable, where buying positions can be entered with targets of 74,926 and 82,000 upon confirmation.
Bitcoin Analysis (15-Minute Time Frame)
In the 15-minute time frame, if it breaks and consolidates below 68,391, a price decline to the areas of 67,000 and 65,704 is expected.
If it breaks and consolidates above 71,655, there is potential for a price increase to around 73,240.