Technical analysis by ibbboo176 about Symbol BTC: Buy recommendation (7/29/2024)

As we have seen earlier the 70-74k region has acted as a strong resistance for Bitcoin and every time it looked to past it, it came crashing down. The bullish rally we are currently witnessing on the 1 day time frame is pretty familiar. We saw this twice before too, but every time the price went crashing down once it hit resistance. This time, however, the higher highs and higher lows are accompanied by a bullish divergence which is a positive sign. So, I believe this time we will finally break the resistance and are in for a ride.