Technical analysis by TaurusTradingLLC about Symbol BTC: Buy recommendation (3/9/2025)
https://sahmeto.com/message/3310816
TaurusTradingLLC
Rank: 28123
Analytical Power:
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

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