Technical analysis by Magic_xD about Symbol BTC on 2/17/2025

Hello dear traders, Bitcoin where to? 📌 Current Market Status: BTC is trading at $96,480, up +9.43% from the previous move. The price is currently near the 180° Gann level at $95,316, acting as an important pivot zone. Key Support & Resistance Levels (Based on Gann Grid): 🟢 Support Levels: 1️⃣ $95,316 (180° Gann Level) → If held, BTC may consolidate before another move up. 2️⃣ $92,266 (90° Gann Level) → Strong demand area; loss of this level may trigger a deeper correction. 3️⃣ $89,285 (0° Gann Level) → The lowest major support, likely to provide a strong bounce if reached. 🔴 Resistance Levels: 1️⃣ $98,434 (270° Gann Level) → Immediate resistance; breaking above it could fuel bullish momentum. 2️⃣ $101,621 (360° Gann Level) → Major resistance; BTC needs to flip this level to confirm an uptrend continuation. 3️⃣ $108,097 (540° Gann Level) → If BTC pushes through, it could target new highs around $114,745. Market Outlook & Potential Scenarios: ✅ Bullish Scenario: Holding above $95,316 could lead to a push towards $98,434 and $101,621. A breakout above $101,621 might confirm a move towards $108,097. ❌ Bearish Scenario: If BTC loses $95,316, we may see a drop toward $92,266. Losing $92,266 could trigger a retest of the $89,285 support. 🚀 Final Thoughts: BTC is currently at a crucial decision point! A breakout above $98,434 could lead to a strong bullish continuation, while a breakdown below $95,316 may bring more downside pressure. What do you think? Will BTC push higher or correct down? 🤔