Technical analysis by anitaduado about Symbol BTC on 2/16/2024

Despite the current overbought status of the market, bullish sentiment remains strong with a target set at $56,154. However, a minor correction to $51,653 is expected before the anticipated spike. Conversely, if the current support level fails, a reversal to $48,473 is probable before a bounce-back to $56k. Upon reaching $56k, a significant reversal could occur, potentially driving the market toward the $37k zone in the coming weeks to months. ~𝕬𝖓𝖎𝖙𝖆 𝕯𝖚𝖆𝖉𝖔 𝕿𝖍𝖆𝖙 𝕿𝖗𝖆𝖉𝖊𝖗 𝖙𝖍𝖆𝖙 𝖂𝖗𝖎𝖙𝖊𝖘