Technical analysis by Artiverma256 about Symbol BTC on 3/25/2025

This chart represents Bitcoin’s price action on the 4-hour timeframe, The structure suggests a bullish breakout scenario with potential upside targets.1. Chart Pattern Breakdown• The price initially formed a falling wedge (a bullish reversal pattern).• A breakout from this wedge has led to an ascending trendline, indicating growing bullish momentum.• The price is currently following an upward channel, respecting higher lows and higher highs.2. Price Action & Market Structure• Current price: ~$88,051• Resistance levels:• First major resistance around $92,000 (Target 1)• Next resistance around $98,000 - $100,000 (Target 2)• Support levels:• Dynamic trendline support• If broken, the next significant support could be around $84,000 - $85,0003. Potential ScenariosBullish Case:• If Bitcoin continues to hold the ascending trendline and breaks above $90,000, it can reach $92,000 (Target 1).• A successful breakout above $92,000 would confirm further bullish momentum, pushing towards $98,000 - $100,000 (Target 2).Bearish Case (Invalidation):• If Bitcoin fails to hold the trendline support, it may revisit $85,000 - $86,000 before attempting another move up.• A breakdown below $84,000 could invalidate the bullish scenario, potentially leading to further downside.4. Key Indicators to Watch• Volume: A breakout with high volume will confirm bullish momentum.• RSI (Relative Strength Index): If overbought, a correction may occur before another leg up.• Moving Averages: If price stays above key moving averages (e.g., 50 EMA & 200 EMA), the uptrend remains strong.Conclusion• The overall bias remains bullish, with Bitcoin showing strength after breaking the wedge pattern.• Key levels: Watch $90,000 for confirmation and $92,000 - $100,000 as upside targets.• Risk management: A breakdown below $85,000 could signal weakness, requiring a reassessment of market conditions.Active Trade.