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Technical analysis by TaurusTradingLLC about Symbol BTC: Buy recommendation (3/9/2025)

https://sahmeto.com/message/3310816
TaurusTradingLLC
TaurusTradingLLC
Rank: 28123
1.3

Bitcoin Approaches Strong Support Zone

Buy
Price at Publish Time:
$80,697.69
Profit Target:
(-7.62%)$74,550
Stop Loss Price:
(-30.61%)$56,000
Buy،Technical،TaurusTradingLLC

A double top has been confirmed on a daily chart with a downside target around 74550. This corresponds nicely with previous resistance turning potential support (73794-71958) and an upward sloping trend line. Below this zone are two overlapping volume profile ledges (70721-57340). I expect buyers to enter and hold 65k+. However, if 56k is taken out significant chart damage will be done for bulls.

Source Message: TradingView
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