Technical analysis by BandForBands about Symbol BTC: Buy recommendation (2/3/2025)

Bitcoin’s drop to 70K was always a possibility if key support failed to hold. Right now, price action remains constrained within a rising wedge—a pattern that historically carries bearish implications. To shift momentum back in favor of bulls, we need a clean breakout and confirmation above resistance to invalidate this structure.Until then, the market isn’t out of the woods yet. A decisive move is required to regain strength and push towards the next leg up. Stay sharp.