Technical analysis by NovaFX23 about Symbol BTC: Sell recommendation (3/9/2025)

Bitcoin is currently experiencing a downward trend on a daily basis.Following a period of consolidation within a horizontal range, the market broke below its support level and reached a new low.On retesting the broken structure, the market formed a symmetric triangle pattern.The breakout of the support line within this pattern indicates a strong confirmation for potential intraday bearish movement.A bearish movement is anticipated, with a target price of at least 79,080.