Technical analysis by Bicoinmoney about Symbol BTC: Buy recommendation (3/25/2025)

🔍 1. Elliott Wave StructureThe chart illustrates a classic 5-wave Elliott Wave cycle:Wave (1): Initial impulsive move up.Wave (2): Corrective pullback.Wave (3): Strongest bullish wave – already completed.Wave (4): Currently in progress – a corrective phase.Wave (5): Forecasted to peak around June 30, 2025 with a major upward move.📈 2. Fibonacci LevelsTarget zones for Wave (5) using Fibonacci extensions:0.5 → $118,6130.618 → $128,4030.786 → $142,283Support zones below (retracement):0.618 → $76,2860.786 → $67,781☁️ 3. Ichimoku CloudPrice is above the Ichimoku cloud, indicating a bullish medium-term trend.Historical bounces from the cloud base are highlighted (circled) – suggesting strong dynamic support.📊 4. RSI (Relative Strength Index)Current RSI: ~51 – neutral zone, neither overbought nor oversold.Past bullish divergence noted, which supported the big Wave (3) rally.📉 5. MACD (Moving Average Convergence Divergence)MACD is in a correction phase.Still above zero line, meaning no strong bearish momentum yet.🗓️ 6. Forecast TimelineProjected top for Wave (5): June 30, 2025This could be an optimal take-profit window based on Elliott Wave theory.💡 SummaryCurrent Price: ~$86,777Forecast Target Range: $118k – $142k by mid-2025Conditions to watch:RSI trending back upward.MACD avoiding bearish crossover.Price staying above the Ichimoku cloud.Strong Support Zone if it drops: $76k – 67K