Technical analysis by SPOONY1004 about Symbol BTC: Buy recommendation (8/25/2023)

Bitcoin is currently in an 'C' upward trend. Scenario 1: There is a possibility that it may experience a decline again from the most common 1:1 extension length of 27284. Scenario 2: Due to strong selling pressure, it might not reach the 1:1 extension length and could start declining from now on. Scenario 3: As everyone is anticipating further downside, it could actually rise up to 29000.