Technical analysis by Cryptorphic about Symbol BTC: Buy recommendation (2/17/2025)

BTC is currently trading below the 50 EMA, 100 EMA, and 200 EMA in the 4-hour chart.This is not ideal for the price action, and $93k has now become a strong resistance level. The pattern appears to be setting up for a breakout soon. While it won’t be easy, it’s entirely possible we break to the upside.If there’s a break below, we could see a dip to $73k.Do I think the bear market has already started? Definitely not!I’ll keep you updated, so follow and share this chart with your friends.Thank you!#PEACE