Technical analysis by arminbarati9590 about Symbol BTC: Buy recommendation (12/7/2024)

Bitcoin (BTC/USDT) appears to be in a strong uptrend, trading above its 20, 50, and 100-day moving averages. The price recently broke a key resistance level and is targeting new highs, with a potential take-profit zone at $109,329.42. Stop-loss is set near the $81,911.12 level to manage downside risk. Indicators suggest a continuation of the bullish momentum.