Technical analysis by entomologyx about Symbol BTC: Buy recommendation (3/14/2025)

Two wedges/triangles being retestet after a breakout. The one in 2019/2020 was more like a triangle as it had a steeper upper line down slope and was way shorter then this current one. However August 2020 S&P500 was not going down like it does now. Note that BTC nearly never goes up when S&P goes down. Could mean that S&P is done going down soon aswell if this pattern were to play out similar to 2020.