Technical analysis by HsnTs-edo about Symbol BTC: Buy recommendation (6/12/2024)

It can be said that we have reached an important turning point for Bitcoin. Market expectations are weighted towards both sides. However, with the high short amounts at 71200 and the selling pressure to be applied to these shorts, very sudden increases in the btc price are possible, technical analysis and fundamental analysis are in this direction. My expectation is that there may be a rise to 82400 level in a short time. I believe that Powell will make his speech positively this evening, and he may even talk about interest rate cuts in the coming months, which would be enough for the market. On the other hand, eth EFTs will start to take a more active role. Btc.d is a very nice turning point, this time btc and the lower ones will be evaluated together. ytd.