Technical analysis by Finn_Oakes about Symbol BTC on 7/15/2024
https://sahmeto.com/message/2307265
Finn_Oakes
Rank: 21295
Analytical Power:
1.4

BTCUSD is currently experiencing a robust recovery, with the price breaking above the resistance level of $62,700 and recording a 3.15% increase in a single day, equivalent to nearly $2,000. This surge has not only surpassed the rising channel but also reached higher levels, fueled by international market volatility and political factors. These indicators suggest that BTCUSD may continue to set new highs, with brief price adjustments at resistance levels, before resuming its strong recovery. The bullish price targets and buying strategies are being closely watched, offering exciting opportunities for investors. Happy trading, and may you succeed!
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Signal Type: Neutral
Time Frame:
4 hoursFirst Support:
$60,000First Resistance:
$63,000Price at Publish Time:
$62,709.9