Technical analysis by KSYZ710 about Symbol BTC: Buy recommendation (12/15/2024)

The price has formed an ascending channel on the 4-hour chart and similarly, an ascending channel has also emerged on the 1-hour chart. These developments are early signs of a potential new uptrend and a breakout of the previous highs. We expect the price to continue rising within the 1-hour channel and breakout of the latest resistance at 103.135. After the breakout, the price is expected to consolidate above this level and maintain the upward trajectory within the 4-hour ascending channel, which may reach 110.000.A fall from this level is unlikely to occur easily, although we may encounter a self-correction phase.Nevertheless, a bearish scenario may unfold if the price breaks below 86.319.The price has reversed and is currently continuing to attempt to breakout of the latest peak and resistance at 103.135.If you are a novice and want to get rich quickly, Join us, t.me/+QMEi0FkGGEhjMDM5 Follow me and you can get 400% profit every week. If you want to have a happy weekend, or let your family live a good life, you might as well try it. You don’t make money and we don’t charge any fees.