Technical analysis by basictradingtv about Symbol BTC: Buy recommendation (5/2/2025)

Bitcoin - BTCUSD - prepares a significant move:(click chart above to see the in depth analysis👆🏻)Over the past couple of months, we basically only saw sideways price action on Bitcoin. However, this does not mean, that Bitcoin is now slowing down; actually the opposite is true and Bitcoin is setting up for a major move higher. New all time highs will come very soon.Levels to watch: $100.000Keep your long term vision!Philip (BasicTrading)Bitcoin - BTCUSD - is close to new all time highs:(click chart above to see the in depth analysis👆🏻)This month, Bitcoin is up another +10% so far. It really all just comes down to a break above the previous all time high, which would clearly show the control of bulls. The overall rising channel is clearly supporting price, so the sky seems to be the limit.Levels to watch: $400.000Keep your long term vision!Philip (BasicTrading)Bitcoin - BTCUSD - is just soo close:(click chart above to see the in depth analysis👆🏻)Bitcoin is currently hugging the previous all time high and it just seems to be a matter of days until we witness a new all time high. If this actually happens, there is simply only once resistance above current price, which is the upper channel resistance trendline.Levels to watch: $400.000Keep your long term vision!Philip (BasicTrading)