Technical analysis by Ed_Ale about Symbol BTC: Buy recommendation (8/12/2024)

We can see that the price of bitcoin is lateralizing in the form of a 5-month bearish flag to liquidate Stop Loss. We may be on the verge of a bullish explosion in the price of bitcoin in the coming weeks as it has bounced off the weekly 50 EMA and the weekly, daily and 4-hour Squeeze Momentum is in red which tells us that it is possibly already at its peak. last bearish movements in the market, and then rise. https://www.tradingview.com/x/qbDstRNX/ https://www.tradingview.com/x/8FVIkpMk/