Technical analysis by AZ_Cap about Symbol BTC: Buy recommendation (10/20/2024)

BTC recently broke through resistance, and from the RSI perspective, the oversold signal has dissipated, with BTC recovering from the recent dip back to the moving average RSI. The fourth wave correction appears fully absorbed by the market, positioning BTC for the fifth wave. The conservative target price is set at 100k, aligning with the 1.618 Fibonacci level.