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Bitcoin 4H moving averages are converging, not far from a trend reversal.
The 4H chart shows a channel with four progressively higher lows.
Above Bitcoin, there is significant resistance at 9.4 and 9.5.
The current price is about 7.75% below the 100,000 level, which isn't a large gap.
Based on market data, it appears that funds are accumulating here, making an upward move more likely.
$btc