FX.co ★ #Bitcoin chart analysis

#Bitcoin Against the backdrop of a possible shutdown in the US, pressure on Bitcoin has intensified. The support level at 86063, as you can see, Bitcoin is gradually moving lower and lower. It is likely that investors are reallocating their assets by selling Bitcoin for gold and silver, which have shown good growth. This could lead to a drop to 85000 and even lower. The resistance level at 88964 was touched and then dropped. Difficult days have come for Bitcoin holders. Since Bitcoin couldn't rise due to political uncertainty, investors' trust in it is undermined, leading to a potential oversupply in the market, with demand significantly lower, resulting in a decrease in Bitcoin. Bitcoin H1:

It is also possible to consider its position on H4.

There is uncertainty here, it could go down or it could go up.