Technical analysis by System_T about Symbol BTC: Buy recommendation (5/5/2024)

The current price actions of Bitcoin look similar to the bullish fractal in July 2017, suggesting that Bitcoin may reclaim the 50 EMA, hold above it for a few weeks, and continue to rise. Let's see if Bitcoin can close above the 50 EMA next week.Bitcoin could not close above 50 EMA for a week. Thus, this idea is invalid. Closing.