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

Bitcoin is back in the spotlight, and the charts suggest we may be entering the highly anticipated 5th wave to the upside. A move to 120K is increasingly likely as institutional adoption grows, supply remains scarce, and the narrative of Bitcoin as digital gold continues to strengthen.However, markets are never a straight line. On the contrary, The unlikely option for the Bitcoin is it could see a dip below 85K in the near term before resuming its climb. Short-term corrections are part of the game, but the bigger picture remains bullish. With halving on the horizon and growing global demand for store-of-value assets, Bitcoin’s long-term trajectory points upward.The 5th wave could be the most explosive yet. While volatility is inevitable, the journey to 120K seems to be just a matter of time. Bitcoin remains the king of crypto, and this bull run still has fuel in the tank.Not a financial advice, do your own due diligence.I'm in. with stop loss at recent low of 89k.