Technical analysis by vishnu_vijayan_vj about Symbol BTC: Buy recommendation (8/23/2024)

Bitcoin has been forming a well-defined head and shoulders pattern since the beginning of 2021, which appears poised for completion in the coming months. This pattern suggests a potential breakout towards my target of $318,000. I am planning to take an entry around $34,000 to $35,000 if the price reaches those levels, as the optimal entry point is yet to present itself.