Technical analysis by BandForBands about Symbol BTC: Buy recommendation (12/13/2024)

Bitcoin has officially broken out of the triangle formation, pushing higher with solid momentum. The lower boundary of the ascending channel, which previously acted as resistance, has now been retested and validated. This is a strong bullish signal, and it looks like the market is gearing up for a significant price rally. My target of 111K is looking more achievable in the near term, as the technicals and market sentiment align for this next leg up. Stay sharp and watch for key confirmations!