Technical analysis by THE-real-Deal about Symbol BTC: Buy recommendation (8/27/2024)

Btc hitting all time high corrected it self and during this process got rejected from 50-60 k canal twice. The monthly candle is coming to an end. If btc manages to hold ground above 60 k by the end of this candle , it could possibly jump higher for 80 k or beyond. If the jump proves to be powerfull , 100 k is a stiff mental resistance. If 60 k breaks down by the end of the month and we are back to trading 50-60 canal . Any sudden jump above 60 k from the 50-60 canal can trigger the next big hike. If you enter at 60 k is hard to have a stop point but safe to say falling below 55 k can be considered a weakness.