Technical analysis by seba26-77 about Symbol BTC: Buy recommendation (3/3/2024)

Hello traders. Hello traders. Bitcoin is up 34% year-to-date, more than 6 times, beating the returns of the S&P500. It is not stopped by higher yields or a fundamental change in expectations regarding the Fed's policy easing in 2024. These dropped by almost half in 2 months. Meanwhile, the price is undaunted by the supply north. To finally say hello to the record USD 69,000 from November 2021, and maybe even higher, reaching new ATH before the halvingShort-term investors (STH) see gains of over 30% on average. A lot will depend on their behavior in the near future. We see large ETF purchases as a tail risk to the current rally. Since January 11, 2024, they have purchased BTC worth over USD 6.1 billion.In the scenario of correction in traditional markets (Wall Street), many funds will take profits. It converted BTC deposited in ETF funds into dollars. In such a situation, the BTC price may drop before April 2024. Perhaps to $45,000, from where Bitcoin could move up again after the halving.The situation is developingRegardsWe should soon see the peak of April 14, 2021 at 64.8kProbable rebound from MA50 on the hourly chartBack to MA50. direction 69kBullish flag on 1 hour chartQuiet exit from the triangleHello, after breaking the new ATH, the price will probably head towards the last strong resistance between 81-84k.Good luckprobable correction to 68k at the beginningIt looks like the continuation of the decline will continue until the halvingHello trader, the price for the coming weeks is 81k and then 110k before correction ABC80k+ at horizont