Technical analysis by Justin_hello about Symbol BTC: Buy recommendation (7/15/2024)

BTCUSDT is in an uptrend phase after a period of accumulation. The 4-hour chart shows that Bitcoin prices have broken through a significant resistance level and are currently trending strongly upwards. The RSI is at 79.11, indicating that the market is in an overbought state. Prices have broken out of an ascending triangle pattern, which typically occurs when the market is in an accumulation phase before continuing an upward trend. In terms of news: Recently, several major companies have announced the acceptance of Bitcoin as a payment method, boosting investor confidence in the future of this digital currency.