Technical analysis by yonitrades about Symbol BTC: Buy recommendation (8/5/2024)

Despite all the fears, all BTC has done is reach below value and retest January's high to the dollar. With a great reaction to close out today's session as well. The gray box represents the year's value. As shown, short above it and long below it. Very simple. I won't be waiting for BTC to breakout above (although that is likely). Target destination is the other end of value which is 70k.Friendly reminder that BTC was at 29K a year ago! We are not in a bear market. (yet at least)