Technical analysis by novamatic about Symbol BTC: Buy recommendation (2/10/2025)

This is a log chart of BTC. it shows a few simple concepts.1. the importance of this long-term channel acting as support/resistance2. the oversold condition (blue bars) act as a launching point3. the duration of the launch seems to be 35 bars (months)4. the top trendline may be a good target for the next launch5. the channel centerpoint seems like a reasonable area of support as we move forward in the next few months.