Technical analysis by DollarsMagnet about Symbol BTC: Buy recommendation (4/16/2025)

BTCUSD Price Forecast 🚀- Bitcoin (BTCUSD) has shown strong bullish signals at the bottom of the recent downtrend. Here's the technical breakdown:🔹 Double Bottom Formation: A classic reversal pattern has formed, and price has broken above the neckline, signaling bullish momentum.🔹 Major Breakouts:- Cleared a strong resistance zone- 200 EMA breakout confirms trend reversal- Retraced to key demand zone, respecting the descending channel🔹EMA Confirmation: Price retraced perfectly back to the 200 EMA, now acting as dynamic support—adding confluence to the bullish bias.📈 Technical Target Levels:🎯 $88,500🎯 $94,000🎯 $98,300🎯 $105,400 (Final target for this wave)These levels are based on measured move targets from the double bottom pattern and Fibonacci extensions.✅ Like, 💬 Comment your thoughts, and 🔔 Follow for more updates as we grow together in this trading journey!#Crypto #Bitcoin #TechnicalAnalysis #BTC #TradingCommunity #BTCUSD #CryptoForecastGuys from our entry level formed a bullish candle so our trade activated there keep hold till our targets...BTCUSD Trade Update:As I shared earlier, BTCUSD flew perfectly from our demand zone! 🚀Price moved from around 83,500 all the way up to approximately 104,500, successfully hitting all our targets, including the final one! 🎯Congratulations to everyone who followed the plan and trusted the process!Keep supporting me with your likes and comments — it means a lot and keeps the motivation strong! 🙏💬Let’s keep growing together — more winning setups ahead!2200+ pips profit done..