Technical analysis by itsjustanalysis about Symbol BTC: Buy recommendation (2/19/2025)

The daily Ichimoku chart for Bitcoin doesn't look pretty - but it's not awful either. Resilience is the trait I attribute to Bitcoin here. Even Ethereum, when faced with the same current conditions with the Ichimoku system, failed to hold up and instead toppled. If the structure remains the same, I anticipate another big push higher when both of these two events occur: 1. The Composite Index closes above both moving averages. 2. The DPO closes above the zero line.