Technical analysis by abdulla_faraz about Symbol BTC: Buy recommendation (12/15/2024)

A green candle has closed above the crucial 101,000 price level, as established by Fib levels.This comes after a minor pullback that was rejected from the 97,000 with a bullish engulfing candle. This means that there's enough buying power for the price to be rejected at this range, and continue trend upwards.The Stochastic RSI is also signalling a strong bullish trend.