Bitcoin accurate trading signal, target 59K
2024-10-10

By observing the chart, we can see that the price entered a wedge a few days ago, where it immediately bounced off the resistance line and fell to the support line, breaking the support level. After this, BTC started to rise and soon reached 57600, coinciding with the support area, breaking the support level and retesting it. It then rose slightly, followed by a correction to the support level, and then hit the resistance line of the wedge upwards, which coincides with the 64000 level of the seller area. Bitcoin was trading near this level for a while, and later broke through it, and then even exited the wedge, but then it started to fall within the descending pennant. Later, the price broke through the 64000 level and fell to the support line of the wedge, turned around and rose to the resistance level in a short time, but soon after it turned around and fell to the support line. Now, the price is trading near this line, and I think it can rise a little bit, and then continue to fall, thus exiting the pennant. In this case, I set the target price at 59000 points.