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

This chart represents a technical analysis of Bitcoin (BTC/USD) on the 1-hour timeframe from Coinbase. Here are the key elements of the analysis:1. Order Block (Green Zone):The green zone represents a significant order block, indicating an area where institutional buying or selling activity previously took place. The price has reacted strongly to this zone, confirming its importance.2. Entry Point (White Line & Label):The price has broken above the order block, suggesting a bullish entry. This level is marked as an optimal entry zone for a long position.3. Price Movement & Target Levels (Yellow Arrows):Two yellow arrows suggest that the price is expected to move upwards towards key resistance or profit target zones.4. Target Levels (Dashed Lines & Blue Labels):$88,000.17 and $90,681.03 are identified as potential profit targets, indicating resistance levels where the price may face selling pressure.5. Current Price & Trend:Bitcoin is currently trading at $85,511.26, with a 3.40% increase. The strong breakout suggests bullish momentum.6. Market Volume (Right-Side Volume Profile):The volume profile on the right shows high trading activity around the $84,000 level, which could act as support in case of a pullback.Summary:A breakout above a key order block suggests bullish continuation.Entry is positioned above the breakout.Target levels are set at $88,000 and $90,681.High probability of upward movement based on volume and trend analysis.This analysis suggests a bullish setup with potential gains if the price sustains above the order block and moves toward the target zones.