Technical analysis by shatzakis about Symbol BTC: Buy recommendation (12/14/2024)

On a weekly chart, the ForexGPT Sentiment Score indicator (from tradingview.com/u/forexgptai/) indicates that BTCUSD remains "strong bullish" at current levels above 100k, with longer-term multi-year resistance around 140k which could be reached over the next 6-18 months, which could see a polarity reversal if it turns into support, before a push towards 200k thereafter, from a longer-term multi-year perspective. Keep in mind, from now until then there could be significant swings and volatility dips, akin to noise, which if you are a long-term investor can be a distraction, whereas traders may delight yet extreme caution is needed with potential massive market moves for this asset. The indicator used in this chart (disclosure, I am affiliated with this tool):