Technical analysis by PrimexCapital about Symbol BTC: Buy recommendation (1/15/2025)

#BTCUSD Timeframe: DAILY BTCUSD remains in a consolidation phase after a strong bullish rally 📈, respecting the support zone near $34,000. Price action is forming a descending wedge pattern, signaling potential accumulation. Currently, BTC is hovering near the wedge’s lower boundary and the support zone, indicating a possible breakout. A bullish break above $38,000 could send the price rallying toward the next resistance levels of $42,000 and $45,000. However, if the $34,000 support fails, we could see a pullback to the ascending trendline around $30,000. For now, the structure hints at bullish potential, but patience is key to confirm direction. 🔍Parameters are wrong. Will edit in next btc update