Technical analysis by EL_STOCKTROOPER about Symbol BTC: Buy recommendation (10/30/2024)
https://sahmeto.com/message/2932203

EL_STOCKTROOPER
Rank: 2018
Analytical Power:
2.1
Flag Breakout & Fibo Projection
Buy
Price at Publish Time:
$72,327.95

Based on the flag breakout price projection, we observe the following trend:Oct 2023 - March 2024: Formation of the flagpoleMarch 2024 - Oct 2024: Development of the flag pattern, with a retracement to the Fibonacci levels of 0.50 - 0.618With the flag breakout anticipated by the end of Oct 2024, our projections are as follows:Fibonacci target: $100,042Flag breakout projection: $110,353This suggests the next target range for Bitcoin could lie between $100,000 and $110,000.
Source Message: TradingView