Technical analysis by Mr_Expert7- about Symbol BTC: Buy recommendation (4/13/2025)

This chart is a technical analysis of Bitcoin (BTC) vs. US Dollar (USD) on a 45-minute timeframe, 🔍 Key Observations:Resistance Zone (Red Highlighted Area):The red shaded area marks a strong resistance zone where price has been rejected multiple times (highlighted with orange circles).This zone is roughly between 85,000 - 86,400 USD.Support Level:There's a clear horizontal support line around 84,714 USD where price has bounced off before.This support level is crucial to maintain the current structure.Bullish Breakout Attempt:The chart indicates BTC has recently tested the resistance zone again and pulled back slightly.The blue arrow suggests a possible bullish scenario, where price may retest the support and then break upward toward the resistance and potentially through it.Volume Analysis:Volume seems to be increasing slightly with each attempt to push higher, which could signal accumulation and a potential breakout if the momentum holds.Chart Setup:The grey rectangle shows the potential risk-to-reward zone, favoring a bullish move toward the upper end of resistance (~86,441 USD).The arrow implies a buy-the-dip strategy around the current support level, targeting a move upward.📈 Bullish Bias If:Price holds the 84,700 support and forms a higher low.Breakout above 86,000–86,400 resistance with strong volume.⚠️ Bearish Scenario If:Price breaks below 84,700 with volume, invalidating the setup.This could lead to a deeper retracement or consolidation below resistance.