BTC/USD 4HR Chart Analysis
Outlook: Bearish
Price is in a bear flag under all short term EMAs, creating a bearish bias. BTC has proved capable of breaking bear flags to the upside, but unless there is considerable volume, any rally is likely to be short lived.
The BTC 4-hour chart shows a clearer view of potential support and resistance levels.
If price breaks down, it will likely find short term support in the demand zone although not ideal since it has been penetrated before
If upside rally, 200 EMA will likely provide resistance
