Technical analysis by ayushpanchal92 about Symbol BTC: Buy recommendation (3/14/2025)

Overview:Bitcoin (BTCUSDT) has successfully broken above a key resistance zone and is now retesting it as support. If this level holds, we anticipate a strong bullish continuation toward 90K+.Technical Analysis:🔹 Market Structure:BTC has been forming higher highs and higher lows, indicating a shift towards a bullish trend.The 82K-83K resistance has been broken and is now acting as a potential support zone.🔹 Key Levels:📍 Support Zones:80K-81K: Strong demand area where buyers stepped in previously.82K-83K: BTC is currently testing this zone as new support.📍 Resistance Zones:85K-86K: A minor resistance level where BTC may consolidate.90K-92K: The major supply zone and potential target for this move.🔹 Trade Setup & Entry Plan:✅ Aggressive Entry: Buy around current levels (~83K) with a tight SL below 81.5K.✅ Conservative Entry: Wait for a clean retest at 81K-82K before entering long.📍 Profit Targets:TP1: 85KTP2: 90KTP3: 92K📍 Stop Loss: Below 80.5K (invalidates structure).Bullish Confirmation:📌 Holding 82K as support increases the chances of a breakout.📌 A strong push above 86K would confirm acceleration toward 90K+.Risk Management & Considerations:⚠️ Losing 80K support could lead to a pullback towards 78K-76K before another attempt upwards.⚠️ Always manage risk with proper stop-loss and position sizing.Final Thoughts:This high-probability bullish setup aligns with market structure and liquidity trends. If BTC sustains momentum above 82K, a move toward 90K+ seems likely. Let’s watch how BTC reacts in the coming sessions! 📈🚀Bitcoin Analysis:Current Price: $84,299.99Key Resistance Zone: $84,500 - $85,000 (Yellow Zone)Breakout Confirmation: If BTC breaks and sustains above $85,000, it may rally toward $90,000 (Target Zone).Support Levels:Major Support: $80,000Intermediate Support: $82,000Bullish Factors Supporting BTC Rally:✅ Strong Market Sentiment: Crypto markets have been rallying, with BTC forming higher lows.✅ Altcoin & ETF Inflows: Positive institutional demand for Bitcoin ETFs has been boosting momentum.✅ Technical Breakout Structure: The price is breaking out of a consolidation range, which could trigger further bullish momentum.Possible Trading Plan:Bullish Scenario:Entry: Above $85,000 (Confirm Breakout)Target: $90,000Stop-Loss: Below $83,500Bearish Scenario:If BTC fails to break above $85,000, it could retrace back to $82,000-$80,000 before attempting another breakout.