Technical analysis by faruk40 about Symbol BTC: Buy recommendation (7/5/2024)

BTCUSD Weekly Chart Forms 'M' Pattern: Price Target Set at $67,000 The BTCUSD price movement on the weekly chart has formed a distinctive "M" pattern, indicating potential bullish momentum. Based on this pattern, we can expect the price to rise from the current level of $56,000 to a target of $67,000. This pattern suggests a strong possibility of upward movement, providing traders with a clear target for potential gains. As the market aligns with this technical setup, many will be watching closely for further confirmation and potential entry points to capitalize on the expected price increase.