Technical analysis by KiaEskandari about Symbol BTC on 3/11/2025

Bitcoin has reached a critical resistance level within its long-term ascending channel. A possible correction towards the $58,000 - $48,000 range could occur before the next upward impulse. The blue dashed trendline represents a key support level that, if broken, may lead to a deeper retracement. However, a bounce from this area could trigger a bullish continuation towards the upper channel resistance at $120,000 in the long run. Key levels to watch: 🔴 Resistance: $78,359 🟢 Major support levels: $58,632 & $48,324 What are your thoughts? Will Bitcoin retrace before its next bullish move? 🚀