Technical analysis by MCFractalStudies about Symbol BTC on 10/2/2024

Following a strong September rally that lifted the price from the lower boundary of the bull flag, Bitcoin is currently experiencing a retracement, with the price hovering around key support levels. If this support holds, it may set the stage for a potentially bullish October. Investors with a bullish outlook may consider entering the market at current levels, although it is essential to acknowledge the uncertainty surrounding the price movement. The outcome is not guaranteed, and the price may either bounce back or break through the support level. Further updates will be provided as the situation develops.