Technical analysis by ForexOptimizer about Symbol BTC: Buy recommendation (3/23/2025)

Bitcoin is currently showing signs of a potential breakout from a strong falling wedge pattern on the 4H chart, which is a classic bullish reversal signal.🔍 Technical Highlights:The falling wedge has been forming since late January, creating a series of lower highs and lower lows.Price action is now consolidating near the wedge resistance, indicating an impending breakout.A previous bullish leg saw a price rally of 25,428.16 (+30.29%), suggesting strong historical momentum.If BTC breaks out cleanly, we could see a similar or stronger move—projecting a potential rally of 28,086.24 (+31.12%).📈 Expected Target: ~$118,141, aligning with the measured move from the wedge breakout.🧠 Trading Insight: Watch for a confirmed breakout with strong volume above the wedge resistance zone. Retests of the breakout area can offer ideal entries for continuation trades.