Technical analysis by KriptoneumAnaliz about Symbol BTC: Buy recommendation (4/13/2023)

Bitcoin After a long decline, it caught a stable rise for the first time. He had hardly broken the Cup-Kulp formation, which was formed in recent weeks, and started to exit by exceeding $ 25,200 resistance. On April 10, the first target of this formation, $ 29,700 level of $ 1,272 $ 28.800 reached the level. We don't see a very swollen Bitcoin in our current position. This gives more confidence in the market. RSI is still on the boundaries of 70, which shows us that it is still an output appetite. In a scenario where the rise continues, Bitcoin will have to exceed $ 34,000. Then the path will be opened for $ 41,000 to complete the formation target. The goals I have given in the fall scenario can be followed. It will be your benefit to be cautious and careful and you will be able to watch external factors. Take care of yourself, valuable tradingView users.