Technical analysis by Toro_Chill about Symbol BTC: Buy recommendation (7/26/2024)

Bitcoin's price is trading within a range between two resistance and support zones, forming a "Cup and Handle" pattern. The MACD indicator shows signs of recovery with the MACD line crossing above the signal line, indicating a strong upward trend. Recent candlesticks show a strong recovery, with long-bodied candles and short wicks, indicating that buying pressure is prevailing. The future trend of BTCUSD may continue to rise if the price can break through the current resistance at the $67,000 level.Trade active