Technical analysis by benztradeinfo about Symbol BTC: Buy recommendation (5/24/2024)

Bitcoin is currently approaching a significant breakout structure. If it maintains its position above this level, I project it can reach my target of $72,000. Conversely, if Bitcoin retraces, my target is $68,000, where the MA20, MA50, and MA100 are located. It appears bullish as long as it remains above the MA20 on the daily timeframe. https://www.tradingview.com/chart/ay7ORTlJ/?symbol=BITSTAMP%3ABTCUSDBitcoin is currently approaching a significant breakout structure. If it maintains its position above this level, I project it can reach my target of $72,000. Conversely, if Bitcoin retraces, my target is $66,200, where the MA20, MA50, and MA100 are located. It appears bullish as long as it remains above the MA20 on the daily timeframe.We have breakout, first target is at $69,700