Technical analysis by BottomZen about Symbol BTC: Buy recommendation (8/20/2021)

We have invalidated the potential head and shoulders that may have been forming and have broken through a major resistance level. The weekly MACD is green and the daily is about to turn green as well. I am hopeful for a big move this weekend pushing us right past 50k. We might get some resistance around that .235 fib line ($52k area) but it looks like we could climb as high as 57k within the coming week.