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Technical analysis by KinaStar about Symbol BTC: Buy recommendation (2/9/2025)

https://sahmeto.com/message/3235229
KinaStar
KinaStar
Rank: 5550
1.7
Buy،Technical،KinaStar

Bitcoin has been on an incredible run, but I believe we may be heading for a pullback toward $72K. There are three key signs that suggest a breather is due: Double Top Formation – We've seen a clear double top pattern forming, signaling a potential reversal. RSI Divergence – The RSI is showing divergence from price action, often a sign that the momentum is weakening. Overbought Conditions – Bitcoin has been in overbought territory for a while now, suggesting that a correction could be on the horizon.Keep an eye on these factors as they could play a big role in where BTC goes next. Stay cautious and be prepared for potential volatility.I hope you find it helpful!Take care and keep it shiny.Kina ♥Here we can see this idea is already is playing out!Getting there, I still believe this is going right into the Demand zone: 68k - 72k

Translated from: English
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Signal Type: Buy
Time Frame:
1 week
First Support:
$72,000
First Resistance:
$108,000
Price at Publish Time:
$96,775.25
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