Technical analysis by btc.f about Symbol BTC: Buy recommendation (2/1/2025)

This chart indicates a bitcoin price analysis in the 12 -hour period, and there are several important points: the Falling Wedge Pattern: The price is out of this descending pattern and this reflects an upward signal. Two successful experiments from this level show that buyers have kept the support level well. Eliot's souls: According to Eliot's analysis, it seems that we have finished the ABC wave and are now in the 3rd wave. This positive trend helps strengthen price increases. Resistance areas: Resistance Resistance: 1: 2.3 Fibonacci (105,500) Resistance 2: 2.3 Fibonacci (110,342) 3: 1 Fibonacci (118,109) and 2.8 Fibonachi (125,675) Forecast: Price Analysis: If the market can be exceeded. Achieved higher prices. Level 125,675 is considered as the ultimate goal. In the future support level: Chart shows that level 102,429.56 may be re -tested in the event of reform, and this is what should be taken into account. In general, the chart analysis clearly provides upward signals, however. If you have a specific question or analysis in this regard, I will be happy to help you!