Technical analysis by Dr_Wallstreet about Symbol BTC: Sell recommendation (10/10/2024)

While there is optimism for BTC this year, it seems the asset can only realistically reach 67,800 due to a lack of buying that would be willing to expose themselves to that level of risk. On the technical side BTC also seems prime for a retracement down to the 37k region which goes against a majority of majority of prediction including the 100k end of year assessment made by some economist. Considerations were also made for the war in the Middle East, Ukraine and Africa.