Technical analysis by Eldorado_Land about Symbol BTC: Buy recommendation (11/5/2024)

#BITCOIN, after touching its monthly support level (67,619.38) in the daily timeframe, has started a new growth trend 📈The condition for this growth to continue is a breakout of the 69,958.28 resistance in the 4-hour timeframe. In this case, #BITCOIN could potentially reach the targets of 72,437.83, 76,099.67, and finally 82,293.50 🎯The stop-loss for this bullish scenario is a breakout of the 67,619.38 support in the daily timeframe. If this happens, the trend remains bullish, but before further growth, there could be a drop down to the support area around 63,816.89 📉🔹 Personal opinion; not to be used alone as a basis for decision-making.