Technical analysis by joannantale73 about Symbol BTC: Buy recommendation (12/30/2023)

Bitcoin appears to be consolidating in a bull pennant.A pennant has a descending resistance and ascending support. Remember, this can easily turn into a flag, a descending parallel channel. For that to happens, support breaks... people get bearish, only to see another form of bullish consolidation. So be careful.Price is clearly interested in the $40,000 key area here, Am expecting BTCUSD to continue buliish but we have to first wait to get good entry to buy around:*40000 to 39700