Technical analysis by CryptocurrencyMagnet about Symbol BTC: Buy recommendation (3/11/2025)
https://sahmeto.com/message/3318513

CryptocurrencyMagnet
Rank: 7620
Analytical Power:
1.4

I still lean towards the idea of a delayed right translated cycle for BTC. Key support levels to watch are around 73K — if we dip to this range, I anticipate strong buying pressure and a potential bounce. However, if we slide further to the $63k-$62k zone, it could signal a dangerous reversal and a possible downtrend. Right now, it’s all about staying prepared. I’ve got some cash on the sidelines, ready to act either way. Let’s see how this plays out. 🔍 #Bitcoin #CryptoAnalysis #TradingView #BTC
Translated from: English
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Signal Type: Buy
Time Frame:
1 weekProfit Target:
$73,000Stop Loss Price
$62,000Price at Publish Time:
$78,457.69