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

https://sahmeto.com/message/3237639

BITCOIN (BTC/USD)

Buy

Price at Publish Time:

$96,587.64

Profit Target:

(+3.53%)$100,000

Stop Loss Price:

(-2.68%)$94,000

BTC/USD has completed the ABC phases of the ABCD pattern and is now testing support above 95K. Holding this level could trigger a move back above 100K to complete the D phase. A break below C (95-94K region) could invalidate the pattern, shifting bias to bearish.

Source Message: TradingView