Technical analysis by hardforky about Symbol BTC: Buy recommendation (7/13/2024)

hardforky

Updated Wyckoff Scenario Based on New Data and Trends - The Selling Climax at the Sign of Weakness (SOW) is now complete. - Next stage is the retake of the mid-range (still at $64,500). - Bitcoin's price is expected to experience an upward thrust during the western summer, reaching a new all-time high (ATH) of $79,000. - Phase B is projected to conclude by the end of 2024. - A breakdown from the current structure is anticipated around mid-2025. ALTs are expected to perform well over the next few months, hitting their Q1 head and shoulders (H&S) sell targets last week. Expecting a similar formation to 2021 Best, Hard ForkyComment: Approaching $66k initial takeprofit target -Comment: initial takeprofit target -Comment:Comment: leg 2 on target.