Technical analysis by DhandaTheGreat about Symbol BTC: Buy recommendation (2/23/2025)

Current Price: $95,721Prediction: 🚀 +27% move expected, target $125,000Analysis & Market Structure:📌 Uptrend Holding in Ascending Channel – Bitcoin is still within a strong bullish channel, with multiple higher highs and higher lows, confirming bullish momentum.📌 Major Resistance Ahead (100K - 105K Zone) –🔸 Bitcoin needs to break above 100K psychologically, which is a key level for a push toward 125K.🔸 If BTC breaks 100K with strong volume, we could see a parabolic move towards 125K in the next phase.📌 Key Supports to Watch:🔹 94K - 92K (Previous Lows & Demand Zone) – This area must hold for the bullish momentum to continue.🔹 88K - 85K – If Bitcoin drops below 92K, a deeper correction is likely before another attempt higher.📌 Indicators:✔️ Strong buying pressure above 94K.✔️ RSI & Volume show momentum still favors bulls, but we need a breakout confirmation above 100K.✔️ Bullish wicks suggest accumulation on dips, further supporting an upside move.Prediction & Strategy:📈 Bullish Scenario (Most Likely):Target: 125K – A break above 100K - 105K resistance could trigger a 27% rally to 125K.Bitcoin remains bullish as long as it stays inside the ascending channel.📉 Bearish Scenario (Less Likely but Possible):If BTC drops below 92K, it could retest 85K - 88K before the next move up.A break below 85K would invalidate the immediate bullish momentum.Final Thoughts & Altcoin Strategy:🚀 Bitcoin remains extremely bullish, and a +27% move is highly possible if it holds above 92K.🔸 Targeting altcoins makes sense since BTC dominance could slow down after breaking 100K.🔸 Avoid XRP & TRUMP – These coins have already pumped, and focus should be on new breakout altcoins.📊 Overall Bias: Bullish ✅🎯 Short-Term Target: 100K - 105K🎯 Mid-Term Target: 125K 🚀