Higher Resistance Zone

The current trend of Bitcoin in the 4-hour timeframe is bullish. The price has successfully surpassed the orange resistance box, and it's anticipated that, following a minor and brief correction, the price will continue to increase. At present, a bullish pattern has emerged, with Bitcoin's price reaching the vicinity of the orange box. Should the price breach the existing resistance, it will aim for the next resistance zone, situated between $45,000 and $46,800. The blue box is being monitored as a key support level, and a breach below this area could signal a shift in the trend.