Technical analysis by MarketsPOV about Symbol BTC: Buy recommendation (4/21/2025)

📊 BTCUSDT Weekly AnalysisTechnical Outlook — April 21, 2025🔍 Current Market Condition:Bitcoin is trading within a long-term ascending channel on the weekly timeframe. Price is approaching a crucial decision zone around $87,000–$90,000, marked by previous resistance and mid-channel structure.🧩 Key Technical Highlights:Price is retesting midline of the ascending channel.Stochastic shows potential bullish cross from the oversold area.Multiple resistance zones ahead: $90K, $100K, and $110K.Support below at $80K and $70K levels.Structure suggests potential for a bounce or a deeper correction.📈 Possible Scenarios:Bullish:If BTC breaks and holds above $90,000, we may see a continuation towards $100K and $110K.A bullish Stochastic cross would strengthen this case.Bearish:Failure to break $90,000 and a rejection from resistance could send BTC back toward $80K or even $70K.Watch for bearish divergence or weakness in momentum indicators.📌 Important Note:BTC is at a pivotal zone; traders should monitor macroeconomic news and market sentiment closely, especially with halving hype potentially priced in.If you found this analysis valuable, kindly consider boosting and following for more updates.Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.