Technical analysis by ForexOptimizer about Symbol BTC: Buy recommendation (4/2/2025)

Market Overview:The Bitcoin (BTC/USD) 4-hour chart is displaying a Falling Wedge pattern, a well-known bullish reversal structure. This indicates that the downtrend is weakening, and a potential breakout could lead to a strong upside move.🔹 Key Technical Analysis1️⃣ Falling Wedge Formation & BreakoutBitcoin has been trading inside a falling wedge, marked by lower highs and lower lows, signaling a contraction in volatility.A breakout above the upper trendline of the wedge is forming, suggesting a bullish reversal and the start of an uptrend.Falling wedges typically lead to a rally equal to the height of the pattern, giving a measured move target of $114,334.2️⃣ Price Action & Confirmation LevelsA clean breakout above $87,000 would confirm bullish momentum.If price successfully retests the wedge’s upper boundary and holds support, further bullish continuation is expected.The psychological level of $100,000 could act as an interim resistance before the final target is reached.3️⃣ Upside Target & Resistance ZonesThe measured move suggests a potential rally towards $114,334, aligning with previous resistance zones.This target represents a 30.55% gain from the breakout level.Traders should watch for pullbacks and retests as part of the breakout confirmation.📈 Trading Plan - Long Setup🔹 Entry: Look for a confirmed breakout above $87,000, or a retest of support.🔹 Stop Loss: Below $84,000, protecting against false breakouts.🔹 Take Profit: $100,000 - $114,334 (previous resistance & measured move target).🔹 Risk-Reward Ratio: Strong bullish setup with favorable upside potential.🛑 Risk Factors to Consider⚠️ A failed breakout and a drop below $83,000 would invalidate the bullish setup.⚠️ External factors such as macroeconomic events, regulatory news, and BTC ETF developments could influence volatility.Final ThoughtThe breakout from the falling wedge signals a potential bullish continuation for Bitcoin, with targets set around $114,334. Traders should watch for confirmation above $87,000 and manage risk accordingly.