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Technical analysis by Pisces_Investments about Symbol BTC: Buy recommendation (3/1/2025)

https://sahmeto.com/message/3283589
Pisces_Investments
Pisces_Investments
Rank: 24968
1.4

Thoughts for Bitcoin

Buy
Price at Publish Time:
$85,470.51
Profit Target:
(+27.76%)$109,198.34
Stop Loss Price:
(-15.56%)$72,167.05
Buy،Technical،Pisces_Investments

Price still remains in bullish landscape but where will it return to before launching to the next level? Strong support is below but there is a strong wick candle that reacted to the 50% ratio. I mapped out a possibility for a potential trend line to support the bullish bias. Ideally, Price will return down to the strong support below which is the 618 ratio, before pushing up.. RSI indicates price has found a strong level of support for daily tf..Note: Trade at your own risk...

Source Message: TradingView
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