Technical analysis by OmBoo about Symbol BTC: Buy recommendation (6/14/2024)

For last week, Bitcoin faced strong resistance at $70,000, and in case of a pullback it could find potential support at $65,000 and $60,000 (My guess is around 63,750, where both trend and horizontal support intersect). While short-term technical indicators show a downward trend, strong fundamental data and external economic factors look positive in the long term. Unless there are major economic events and nonsense things like war etc., I think there is a long way to go in the long term. The bottoms of btc are suffering, it is still their turn. Of course it will come. What I write here is strictly for monitoring and improving myself. Good luck.