Technical analysis by jasperlawler about Symbol BTC: Buy recommendation (3/8/2024)

1. Previous ATH at $60,000 in 2021 formed a double top.2. Support ~$30,000 broke.3. Bottom in late 2022 after a bullish RSI divergence.4. 50% retracement at $30,000 (support-turned-resistance)5. The 61.8% Fibonacci retracement matched RSI overbought at 70.6. Price fully retraced 100% of its decline to hit a new ATH.7. 161.8% Fibonacci extension has objective of ~$170,000.Also if interested, check out my full guide to predicting crypto here:How to Predict Cryptocurrency Prices for 2024 & Beyond: ‘Trade Facts, Not Wishes’techopedia.com/how-to-predict-cryptocurrency-prices