Bitcoin Analysis on H4 14/10/2024

- After Bitcoin reached the resistance zone at 63,564, it faced rejection, indicated by several strong bearish candles. The price is likely to continue declining if it fails to break out and move above the 64k level.

- The support zones where the price may drop to are 60k and 57.8k. If there are signs of weakening selling pressure at these levels, a buying opportunity may arise.