Technical analysis by TheCryptoCity about Symbol BTC: Buy recommendation (3/17/2025)
https://sahmeto.com/message/3355152

TheCryptoCity
Rank: 1735
Analytical Power:
2.5

This 4-hour Bitcoin chart highlights a descending trendline acting as resistance, while an ascending trendline supports the price. The price is consolidating near a key resistance zone Green at $84,705 - $85,556, indicating a potential breakout above the trendline. A successful breakout and retest could lead to a bullish move toward the higher resistance zone Blue at $90,772 - $91,560.
Translated from: English
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Signal Type: Buy
Time Frame:
4 hoursProfit Target:
$91,760Stop Loss Price
$83,000Price at Publish Time:
$84,013.01