Technical analysis by Dream-cat about Symbol BTC: Buy recommendation (11/21/2024)

BTCUSD-Going to 102KFirst one is a monthly time frame, and it shows strategical targets, and the nearest one is 102K. Pay attention that price is coming to historical record of overbought level. This combination significantly increases the retracement chances once 102K target will be reached.Still, on 1H chart BTC accurately completed our 98K target - butterfly and 3-Drive patterns.Although downside retracement here is also possible, thus minimal butterfly target is 3/8 pullback to 96.50K area.But we do not expect that retracement will become more extended. The attractiveness and magic of 100K level strongly acts on the minds of investors, so by all efforts BTC will tend to touch 100K area