Technical analysis by NoFomoCharts about Symbol BTC on 3/27/2024

Bitcoin (BTC/USD) 4 Hour chart: price broke out of the symmetrical triangle to the upside.Potential resistance prices: $73000, $75000, $80000.Potential support prices: $64000, $60000, $55000.Bearish scenario: Price rejection below $74000. Could start a new downtrend if price is rejected again, in the medium-term time frames.Bullish scenario: Price breakout above $74000. if this happens, a new uptrend would continue likely up to $80000 and beyond.Note: Some stock indexes (SPY, QQQ) and Gold (XAU/USD) are beginning to show signs of bearish momentum. These assets could affect Bitcoin volatility.Economic data such as USA GDP and Core PCE inflation data could also affect Bitcoin volatility.