Technical analysis by bcd1 about Symbol BTC: Buy recommendation (1/10/2025)

As I have frequently emphasized in previous analyses, I stated that I would share a new analysis if the trend moves. Now, let's evaluate the possible scenarios for Bitcoin.Major Support: 91-92K RegionThe 91-92K region is a major support point for Bitcoin. It is a very positive development that it reacts to this region without breaking below by taking liquidity. Two different scenarios can occur depending on the price's movement at this point: 1. Positive ScenarioThe price rises above the trend with the reaction it receives from the 91-92K region and maintains its permanence there. In previous price movements, we have seen that liquidity is taken from major pivot points (indicated in green) after trend violations and then the trend is regained. A similar situation may occur in the current situation. After the reaction from the 91-92K region, the first target should be for the price to rise above the trend. If the price settles firmly above the trend, the rise can be expected to continue. 2. Negative ScenarioThe price cannot break above the trend and starts to fall again and returns to the 91-92K area. In this case, the price is pulled back to the support level and comes to the decision stage here. If the support area cannot be sustained, the risk of a deeper decline may arise. Just like the previous violations in the trend, in the current situation, caution should be exercised against fake movements. The safest approach is to enter the transaction after seeing that the price has clearly broken above the trend and maintained its permanence here.