Technical analysis by saminsalehi85 about Symbol BTC: Buy recommendation (5/17/2024)

Bitcoin Daily Breakout Analysis Bitcoin has successfully broken out of the daily range of $66,000, indicating a strong upward momentum. This breakout is also confirmed by the RSI indicator, which has broken out of its downtrend line on the daily chart. Considering the timeframe after the halving and the current market movements, it appears that Bitcoin's price is poised to rise further. Key resistance levels to watch: First resistance: $69,500 Next resistance: $71,600 Major resistance: $80,000 Keep an eye on these levels as Bitcoin continues its upward trajectory.