Technical analysis by zafersrcm about Symbol BTC: Buy recommendation (1/1/2024)

Hello friends, As you know, 44,200 in Bitcoin appeared as a resistance that we could not break after trying 7-8 times. According to the narrowing triangle formation, if bitcoin breaks the triangle, it may make a sharp rise to the triangle target of 48,000 USD. The low volume in the market is evident from the momentum in the Mac d indicator. The volume is decreasing. I think the ETF news is expected. When ETF news comes, volume will enter the market. At the same time, as I mentioned, there is a positive mismatch at the Rsi level. I feel like the explosion will be very hard. What is written and shared here is entirely my own personal opinion; It is definitely not investment advice! Good luck to everyone :)