Technical analysis by LegendaryTom about Symbol BTC: Buy recommendation (3/9/2025)

Bitcoin (BTC/USD) Bullish Analysis: Targeting $85,000Bitcoin remains in an overall uptrend, with bullish momentum building toward the key resistance of $85,000. Despite recent pullbacks, buyers are expected to step in at strong support zones.Entry & Target Levels:✅ Buy Zone 1: $81,000 - $80,500 → Target: $85,000✅ Buy Zone 2: $78,500 - $78,000 → Target: $85,000🚀 Breakout above $85,000 could push BTC toward new highs.Bullish Technical Signals:✅ Strong Support: BTC is holding above $81,000, maintaining higher lows.✅ RSI Rebound: RSI remains above 50, signaling buying strength.✅ Moving Averages: BTC is trading above the 50-day EMA, confirming the uptrend.Fundamental Factors Supporting the Bullish Case:✅ Institutional Demand: Continued buying from long-term investors supports price appreciation.✅ Weaker USD: Dovish Fed policies could boost Bitcoin’s upside.✅ Market Optimism: Growing expectations for new all-time highs drive bullish sentiment.📈 As long as BTC holds key support, a move toward $85,000 remains likely in the short term. 🚀