Technical analysis by Mr_jeff82 about Symbol BTC: Buy recommendation (3/25/2025)

The chart displays a volatile price movement, with multiple swings between support and resistance.A triangle pattern is highlighted, suggesting a breakout occurred.2. Support & Resistance Zones:Support Zone: Marked at the bottom, where price has bounced multiple times.Resistance Zone: Marked at the top, indicating previous rejection levels.3. Trade Setup:The price has broken out of the triangular pattern and appears to be in an uptrend.A buy (long) position is suggested.The green box represents the target zone (~91,372 USD).The red box represents the stop-loss area, indicating risk management.4. Projected Price Movement:The expected price path is illustrated with a zig-zag pattern.Price is forecasted to retest a support level before continuing upwards toward the resistance zone.Conclusion:The chart suggests a bullish outlook for BTC/USD, expecting further upward movement after a breakout from consolidation. Traders might look for buying opportunities near 87,500 USD, targeting 91,372 USD, with stop-loss protection around 85,200 USD.