BTC/USD Analysis (4H Chart) BITSTAMP:BTCUSD **BTC/USD Analysis (4H Chart)**
- **Current Price:** ~$105,331
- **Major Resistance Zone:** Around **107,500 - 110,000**
- **Major Support Zone:** Around **97,500 - 98,000**
- **Key Pattern:** A possible **cup & handle formation** is forming, suggesting bullish momentum.
**Bullish Scenario:**
- BTC is approaching a key resistance zone. If price **breaks above 107,500 with strong volume**, it could push toward **112,300**.
- A successful retest of the resistance as support would confirm the breakout.
**Bearish Scenario:**
- If BTC fails to break resistance, it may retrace back to the **ascending trendline (~102,000-103,000)** or even the **major support zone (97,500-98,000)** for a potential bounce.
**Conclusion:**
- BTC is at a **critical breakout zone**.
- **Break & retest above 107,500 → bullish continuation toward 112,300+.**
- **Rejection → Possible pullback to trendline or support zone.**
