Technical analysis by Eldorado_Land about Symbol BTC: Buy recommendation (1/24/2025)

#Bitcoin, based on the Harmonic Butterfly Pattern, could continue its upward movement to complete wave D. In the case of a temporary pullback, the lower boundary of the ascending channel and the price range of 104,000–104,500 could act as a support zone, halting the decline and initiating a new upward move. Breaking the channel downward does not make the trend bearish but increases market complexity in this area, requiring a reevaluation. Next potential targets for the upward movement are as follows: Target 1: 108,700–109,600 Target 2: 124,500 Target 3: 115,300–116,200 For now, I don't see Bitcoin moving beyond these levels in the next leg of growth. There’s a high possibility that the market will experience a significant correction after reaching either Target 2 or Target 3. Wishing you all the best in your trades! 🌟