Technical analysis by nakreko about Symbol BTC on 10/10/2024

Let's examine the Bitcoin chart in the daily time frame. As can be seen, we seem to be holding on to a (blue area) that has worked very well as a support/resistance area since the past. When looked at carefully, this area also coincides exactly with the Supertrend buy line and the Gaussian Channel middle band at the moment. In other words, this is an important support. If the support does not break and BTC continues upwards, there is no problem. However, if this support is broken on the daily, it may turn upwards from the alt support around 59200 and give a retest. If the blue area, which is support, is not broken upwards, the downward decline continues and we may visit the painted areas below in order. If BTC decides to fall, there will be an important support between 54-56k. Although the RSI seems to have turned upwards, it is still below 50. If the decline continues, it can be expected that the RSI will reach values ​​of 20-30. Look, I am not saying that we will fall from here. If the supports are broken, I say follow these areas. What I say is my personal opinion and does not contain investment advice. Stay healthy. Lots of profit.