Bitcoin may consolidate further before resuming its overall upward trend. Traders can look for opportunity around demand zones and within fair value gaps on lower timeframes. Upside seems limited until resistance at $44k is overcome on daily, signaling a potential rally towards new highs again. But bears could gain control if daily support at $40,542 breaks.
Bitcoin is currently trapped within a resistance zone between $41,300- $44,073. It faces immediate resistance around $44k, with support found at $40,542. Key demand zone lies between $39,550- $40,300. The bearish FVG between $45,606- $43,578 needs to be filled for the trend to resume upwards.
Support and Resistance Levels
S / R Type
High
Low
Resistance Zone 1
41300.00
40542.93
Resistance Zone 2
44073.32
44731.10
Fibonacci Retracement Levels
0.382
42532.21
0.50
43767.35
0.618
44983.49
0.786
46740.69
0.882
47738.80
Supply Zone
Zone Number
High
Low
Supply Zone #1
45606.06
48969.48
Demand Zone
Zone Number
High
Low
Demand Zone #1
40300.24
39550.00
Fair Value Gaps / Imbalances
Gap Number
High
Low
Bearish FVG 1
45606.06
43578.01
4 Hour Timeframe
Bitcoin has support at $41,144- $40,548 while facing resistance around $44,073- $44,488. The bullish gap between $40,220- $40,914 could provide an entry if retested. The demand zone between $39,822- $40,245 aligns with the 0.5 Fib retracement and could halt any declines.
Support and Resistance Levels
S / R Type
High
Low
Support Zone 1
41144.87
40548.89
Resistance Zone 1
44073.32
44488.00
Fibonacci Retracement Levels
0.382
40840.97
0.50
40398.20
0.618
39965.31
0.786
39347.19
0.882
38994.84
Demand Zone
Zone Number
High
Low
Demand Zone #1
40245.00
39822.52
Fair Value Gaps / Imbalances
Gap Number
High
Low
Bullish FVG #1
40220.00
40914.50
1 Hour Timeframe
The support zone is tighter at $41,476- $41,252. The bullish gap from $40,685- $40,411 might offer an opportunity once filled. Meanwhile, the demand zone from $39,896- $40,411 acts as a margin of safety. The bearish divergence on the RSI hints the bullish momentum is slowing.