Technical analysis by SAFAR1365 about Symbol BTC: Buy recommendation (10/16/2023)

Bitcoin seems to be in an ascending channel on the monthly time frame and we are currently at the bottom of the channel. By breaking and stabilizing above the downward trend line, it can be considered a very good possibility of growth. Note that the time frame is monthly and fluctuations are normal in this time frame. The acceptance of spot bitcoin ETF by the SEC could speed up this issue.