Technical analysis by Thebest-trader about Symbol BTC on 6/24/2024

< • The loudspeaker style • The previously specified loudspeake pattern indicates the severity of the volatility and the possibility of significant fluctuations in prices. The emerging channel: • Bitcoin follows an ascending channel until it has recently collapsed, indicating the possibility of reversing or correcting the direction. • The interruption under this channel is very important and indicates caution. 3. Badded wedge: • The formation of a spoil after its peak indicates the possibility of a split. Features of size: • Size tapes on the graph show a large commercial activity at various levels of prices, which indicates strong support and resistance. Support level: • 200 $ 63: This level still represents decisive support. The continuous decrease under this level can lead to a decrease in bitcoin to about $ 56,000, as there is another set of size that provides potential support. Resistance levels: • 65,000 dollars: Excluding this resistance can be an indication of moving towards unprecedented new altitudes, driven by the volume of purchase above this level. The meeting point: • About 577.75 $ 58: This region is a strong meeting point where multiple trend lines intersect. It is likely to work as strong support or strong resistance, depending on prices. 4. Folding groups: • Size summary shows the intensity of commercial activity by about 200 dollars and $ 56,000, and highlights these two levels as two large support areas. • The decrease in size, which ranges between 65,000 and 67,000 dollars, indicates that prices may move quickly if these levels are violated. Possible scenarios for this week: 1. Endurance scenario: • If Bitcoin fails to retain support, which is 200 $ 63 and stop keeping it in large quantities, it is expected to decrease to $ 56,000. Expressing scenario: • Over the amount of 65,000 dollars with a large size will be an upward signal, it can lead to unprecedented altitudes. • • • • • • • The saving of about 67,000 dollars of dollars can constitute a challenge, but this level exceeds the confirmation 56 dollars • Resistance levels: 65,000 dollars and $ 67,000