Technical analysis by ALSEIF_GROUB about Symbol BTC: Buy recommendation (8/5/2024)

Bitcoin on the weekly timeframe The worst and most pressured scenario is if Bitcoin reaches levels of 42k to 48k, which would be the best and most suitable entry zones A break and weekly close below 40k means immediate exit from the market for medium-term traders because Bitcoin will have changed its direction There might be manipulation at these levels since they are entry zones for whales and market makers, but if it bounces from these levels, our first target will be 85,000. This scenario has been explained previously.