Technical analysis by MAKFX21 about Symbol BTC: Buy recommendation (3/19/2025)

Elliott Wave Analysis Current Position: BTCUSD is likely completing Wave 4 of a higher-degree impulsive wave. The price at 83,455.38 is near the 38.2% retracement of Wave 3 (84,346.10) and the 1:1 Wave C projection (85,006.49).- Wave 4 (A-B-C): Wave A (100,935.08 to 87,508.38), Wave B (87,508.38 to 98,433.19), Wave C (98,433.19 to 83,455.38, nearing 1.618 extension at 76,708.79).- Next Move (Wave 5)**: If the price holds above 79,108.68 and breaks 87,508.38, Wave 5 should target 95,377–112,007.- **Bearish Risk**: A break below 79,108.68 could lead to a deeper correction toward 76,708.79 or 66,655.75.- **RSI Support**: RSI at 44.8 (near oversold) with a bullish divergence at 37 supports a potential Wave 4 low.- **Key Levels**: Support at 79,108.68; resistance at 87,508.38, 98,433.19, and 112,007.