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

Looking at a logarithmic chart of BTCUSD on a weekly basis, we can see an ascending non-equidistant channel that bitcoin has been following where it has just regained the middle line of the channel with the recent move to 80k, a major psychological level that could switch between support and resistance in the coming months, and with 150k price target within reach if BTCUSD can hold this channel over the next 12 months.