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: 85K TP2: 90K TP3: 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: $84,299.99 Key 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: $80,000 Intermediate Support: $82,000 Bullish 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: $90,000 Stop-Loss: Below $83,500 Bearish Scenario: If BTC fails to break above $85,000, it could retrace back to $82,000-$80,000 before attempting another breakout.