Technical analysis by huecoshunter about Symbol BTC: Buy recommendation (9/27/2024)

After bottoming out at 49K, the price formed a higher low at 52.5K.Starting from 52.5K, momentum initially created a well-defined orange uptrend channel between 6-19 September.Following the uptrend channel, a 7-day horizontal consolidation between exactly $62,600 and $64,100 filled a significant gap from 19-26 September.These points suggest that the current price increase is quite healthy.I believe the upper purple uptrend channel, which runs parallel to the orange uptrend, will be the next near-term target. This implies we can anticipate a new all-time high and an upcoming pump.