Technical analysis by nakreko about Symbol BTC on 1/10/2025

The upper chart is BTC's daily chart in 2018. The lower chart is BTC's current daily chart. The blue line is the 21-day EMA, the red line is the 55-day EMA. The green filled line below is the average of the Magicma indicator. The movement that BTC made with the 21 and 55 EMAs in 2018 (i.e. from 1 to 6) is very similar to the movement it made today. Of course, it is not exactly the same, but the dance it made with the EMAs and the shape formed by the EMAs are very similar. The 7th and 8th movements are ahead of us. If these continue in the same way, BTC should show an increase up to the 21 EMA (approximately 95-96k) and from there it should show a decrease down to the Magicma indicator (approximately 79-81k). Of course, there is no certainty that it will be like this. Let's all see together if history will repeat itself. What is explained here is not investment advice. It is completely my personal opinion. Good luck.