Technical analysis of BTC/USD 02/14/2024

Bitcoin has consolidated above 49,000 (61.8% Fib) and is currently trading in the 51,700 area.

Technically, this means that an upward correction has turned into an uptrend. It is expected that growth will continue within the channel with the nearest target in the area of the absolute maximum of 68,000.

The nearest support is the area of 49,000. Also support is the area of the lower border of the ascending channel.

Created by Joshua Hayn

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