Technical analysis by CryptoNoan about Symbol BTC: Buy recommendation (12/29/2023)

BTC #btc BITCOIN #bitcoin - Prediction Bitcoin (BTC) is currently forming a symmetrical triangle pattern on the price chart, characterized by equal highs acting as resistance and higher lows forming diagonal support. Key points to watch: Upward breakout: If BTC breaks out of this pattern to the upside, accompanied by strong volume, it would signal a bullish continuation. This could lead to altcoin pumps, as traders often rotate capital into altcoins during Bitcoin rallies. Downward breakout: If BTC breaks down below the lower high support, the next significant support level is as marked on the chart