Technical analysis by Alexia_Putellas about Symbol BTC: Buy recommendation (11/8/2023)

Alexia hello every one!Bitcoin has gradually been trading higher since a major move at the end of October. As seen on this chart, a parallel price channel has been established and is still functioning well. Just as predicted yesterday, the digital currency continues to rise and is currently holding at a high level above $35,000.As of the beginning of today, BTC has once again touched a support level and witnessed a rebound from the low point. However, as long as we remain below the midpoint of the price channel, there is a higher possibility that the selling side will prevail and push the price below the support zone along the trendline.In the long term, the price action remains optimistic, but we may encounter some moments of price decline along the upward journey.