Technical analysis by Tricky_bella about Symbol BTC: Buy recommendation (3/24/2025)

Technical AnalysisTrade Setup:A long position has been placed, likely anticipating a breakout from a key resistance level.Entry Point: Near $86,148, positioned around a previous consolidation area.Stop-Loss (SL): Set near $83,188, below the previous swing low to manage risk.Take-Profit (TP) Targets:TP 1: Around $87,518, marking a critical resistance level.TP 2: Near $91,180, an extended bullish target in case of sustained momentum.TP 3: Final target at $95,329, indicating a potential breakout rally.Support and Resistance Levels:The support zone is identified near $85,324 - $83,188, protecting against a downside move.The resistance zone is around $87,518, a critical breakout level that could confirm further bullish movement if breached.Risk-to-Reward Ratio:The trade setup exhibits a high risk-to-reward ratio, suggesting a well-calculated bullish position with limited downside exposure.Market Sentiment & OutlookBullish Bias: The setup indicates an expectation of continued upward momentum if BTC successfully breaks the $87,518 resistance level.Key Considerations:Macroeconomic Factors: Interest rates, inflation, and Fed policies could impact BTC’s trajectory.On-Chain Metrics: Monitoring BTC’s network activity, whale accumulation, and exchange flows can provide additional insights.Market Volatility: BTC remains highly volatile, and traders should watch for volume confirmations and potential false breakouts.runnig 350+pips stay tuned for the final tp