Technical analysis by bcd1 about Symbol BTC: Buy recommendation (1/2/2025)

When the daily chart is examined, we observe once again that the rising trend that I have previously emphasized is working successfully. Bitcoin (BTC) touched this rising trend again and received a strong reaction. So, what might be waiting for us after this point? Scenario 1BTC is expected to rise to $ 103,000 and retest the 100,000 level by turning it into support. Scenario 2BTC is expected to move to the 100,000 resistance and continue its rise by retesting the rising trend. Personal Opinion I find scenario 2 more likely to happen. BTC As we approach $ 100,000, I expect the dominance to fall and altcoins to rise. It would be logical to take profit from altcoins when the $ 100,000 resistance is reached. In both cases, pullbacks can create a buying opportunity. Do not ignore risk management.