Technical analysis by mozdogan41 about Symbol BTC: Buy recommendation (8/26/2024)
mozdogan41

I tried to visually analyze how many candles BTC has moved in the last three increases. Of course, the rally that everyone is waiting for is approaching, because the daily ATH (which I marked in light blue) in the previous two rallies occurred in 1141 days in the first and 1078 days in the second. The rally lasted 1470 days in the first and 1428 days in the second. The period from the previous peak to the present is currently 1022 days. If we assume that the rally will continue in the range of 1400-1500 days, we can assume that the expected rally will end in 300-350 days. Therefore, we may experience a rally until May-June 2025. I wanted to look at the big picture from a different perspective. What I have written is entirely my own opinion and is definitely not investment advice. Greetings and Regards