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

Descending Channel: The price has been moving downward within a channel, showing lower highs and lower lows.Support Level: Marked near $79,912., where the price recently bounced.Breakout Scenario: BTC appears to be breaking out of the channel, suggesting a potential bullish trend.Target: The projected target is $110,146., indicating a significant upward move.Stop Loss: Positioned below the support level to manage risk in case of a price reversal.Trading Idea:A long trade setup is suggested, with entry upon confirmation of the breakout.Stop-loss below the recent low ($79,912) to minimize risk.Profit target near $110,146., aligning with previous resistance levels.This setup follows a classic breakout and retest strategy, expecting bullish momentum if Bitcoin sustains above the resistance zone.I hope my analysis can help you. If you have different suggestions, please leave a message in the comment area.