Technical analysis by Richtv_official about Symbol BTC on 3/17/2025

Critical Support Zone:Bitcoin has rebounded sharply from the $80,000-$78,000 support level, which previously served as the breakout zone in late October 2024. This strong reaction suggests significant buying interest and potentially a higher low within the broader uptrend.Healthy Market Correction:After reaching an all-time high of $108,000, Bitcoin experienced a typical bull market retracement of about 30%. The strong bullish engulfing candle at support signals a possible shift back to the upside.Key Levels to Watch:Support: Holding above $80,000-$78,000 is crucial for maintaining the bullish outlook.Immediate Resistance: $88,000-$90,000 range.Upside Target: If bullish momentum continues, Bitcoin could push toward $100,000 in the next phase of its uptrend.With momentum potentially shifting, Bitcoin is at a decisive point—will it reclaim new highs? Stay tuned! 🚀📈#Bitcoin #BTC #Crypto #MarketAnalysis #Trading #Bullish #Support #Resistance