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Technical analysis by Artiverma256 about Symbol BTC on 3/17/2025

https://sahmeto.com/message/3355202
Artiverma256
Artiverma256
Rank: 27036
1.4

BTC/USD (Bitcoin / U.S. Dollar) on a 4-hour timeframe,

Neutral
Price at Publish Time:
$84,005.22
،Technical،Artiverma256

BTC/USD (Bitcoin / U.S. Dollar) on a 4-hour timeframe,Chart Details:• Current Price: 84,055.78• Sell Price: 84,051.24• Buy Price: 84,051.25• Trend: The price appears to be in a consolidation phase after a previous downtrend and is now approaching a potential breakout area.Possible Price Movement:• The Entry Zone (around 84,574.80) is marked as a potential buy area, indicating that the price might start an upward move.• Key resistance levels (take profit targets):• 88,207.29• 91,993.51 (near 92,000 level)• 94,240.92 (major resistance)• The chart shows a zig-zag bullish pattern, suggesting that after a breakout from the Entry Zone, the price could move in steps towards higher resistance levels.Analysis:• If Bitcoin holds above the “Entry Zone,” it could be a buy opportunity.• Take Profit (TP) levels: 88,207.29, 91,993.51, and 94,240.92• If the price breaks below 83,620.50, a bearish move could occur instead.This chart suggests a bullish setup for BTC/USD, but further confirmation from price action is recommended before entering a trade.

Source Message: TradingView
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