Technical analysis by ProcessAndIntercept about Symbol BTC: Buy recommendation (2/6/2025)

BTCUSD has shown a strong reaction to the Demand Zone, indicating potential bottom formation. The price has tested this level multiple times, suggesting institutional interest and a possible bullish reversal. 🔹 1.272 | Conservative Takeprofit → 116,847.33 USD (+19%) 🔹 1.618 | Most common Takeprofit after retracement → 123,783.73 USD (+26%) 🔹 2 | Strong uptrend Takeprofit → 133,358.11 USD (+36%) With a favorable risk-to-reward setup, Bitcoin could be positioned for a significant upward move. Will BTC reach these Fibonacci targets? 📈 What’s your view on this setup? Drop your thoughts in the comments! 👇