Technical analysis by stanosky about Symbol BTC: Buy recommendation (2/9/2024)

As you can see in the chart, the price of bitcoin probably wants to form a bullish megaphone formation. This looks like a very likely scenario, however, looking at the RSI indicator, it no longer looks so optimistic, hence I think the price may bounce off the upper edge of the megaphone or the channel I also drew. This is not financial advice.