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

BTC/USDT Binance1H Hollow CandlesticksSince the price broke the parallel ascending channel, we saw a rise of around 40%.Currently, the Support level is predicted by the extension of the golden ratio of a Fibonacci Retracement and the Resistance level is at 38K.Also, an ascending triangle has been formed, where the rule says that since the price entered from below, at the end of the triangle, the price will move up.From an imprint of a previous movement (Bar Pattern / Fractal) we can theoretically assume a future movement that the price of Bitcoin will follow.Market Cap: $1.42T +0.70%24h Vol: $57.41B -27.66%Dominance: BTC: 51.0% ETH: 17.5%Good LuckCryptoHellas Team