Technical analysis by EstherLeblanc about Symbol BTC: Buy recommendation (10/28/2024)

Based on the current chart and technical indicators, BTCUSDT is forming a converging triangle pattern, with strong support around 66,605 and resistance near 68,500. This setup suggests a potential consolidation before a breakout, which, if successful, could push BTCUSDT to higher levels like 70,000 USDT or even 71,500 USDT under favorable market conditions.Additionally, BTC's ability to hold above its moving average (MA) indicates that short-term bullish momentum remains intact. As the market approaches this critical breakout point, do you think BTCUSDT is primed for a new high, or will it face strong resistance? Share your thoughts