Technical analysis by Old-School-Crypto about Symbol BTC: Buy recommendation (12/16/2024)

While our king #Bitcoin continues his majestic run by crowning it with ATHs, I wanted to talk a little about what kind of adventure awaits him in this 6-figure price land that no one has seen before. Currently, the fibo of its main trend is at the 1.414 resistance/support level BTC (black). If it breaks this resistance and adds it to its support force, it will collide with the pivot R2 strong resistance waiting for it. ‼️ We need to look at the motivation of this powerful attack of our king... 💯 At its technical and psychological limit, he actually struggled with the fibo 1.618 of the uptrend he was in (green). The goal was to hold on to that resistance. It held. So, what is his current target? Of course, the upper fibo value of the uptrend. That is 2. In other words, $112 thousand. Already Pivot R3 level... Above that is god level... Those lands that have existed since time and space are endless... Your dreams have no end, no limit just like you... Of course, there are bandits on the road. Forty foxes in 40 different formations. I will tell you about one of them below 👇