Technical analysis by DeepValueInvest about Symbol BTC: Buy recommendation (1/15/2024)

Hi All, After successfully breaking through Upper Bollinger Band at $41,845 on the monthly timeframe last month. BTC have now retraced back to this support. Strong resistance become strong support!!! There needs to be some really negative news to break below Upper Bollinger Band on the monthly. Last time BTC broken this Upper band on the monthly there was way more upside to follow :) The shorts will get rekt again, don't short a up trend. :)