Technical analysis by Golden_Spur about Symbol BTC: Buy recommendation (4/17/2025)
https://sahmeto.com/message/3423579
Golden_Spur
Rank: 24862
Analytical Power:
1.4
BTCUSD - Buy Trade Call
Buy
Price at Publish Time:
$84,622.7
Profit Target:
(+5.11%)$88,950
Stop Loss Price:
(-5.46%)$80,000

On daily TF, since 20 Jan 2025 BTC was in downtrend following regression channel.MACD also was mostly indicating short trade. However, now MACD is showing likely upward movement. Moreover, Williams Alligator also suggesting a likely change of trend to bullish.Coupling that with USA falling stocks, BTC is a gaining attraction of US investors. Therefore, one may take a BUY trade now or technically very correct entry would be after price crosses the resistance level ($ 88,950) which is also previous Lower High.
Source Message: TradingView