Technical analysis by MollyRonaldFx about Symbol BTC: Buy recommendation (5/4/2025)
https://sahmeto.com/message/3477433

MollyRonaldFx
Rank: 28723
Analytical Power:
1.4
BTC Breakout: Symmetrical Triangle Formation Near Key Resistance
Buy
Price at Publish Time:
$95,899.92
Profit Target:
(+0.73%)$96,600
Stop Loss Price:
(-1.98%)$94,000

Bitcoin highlights a symmetrical triangle pattern forming just below a descending trendline and key resistance zone around $96,000–$96,600. The price action is consolidating within narrowing support and resistance lines, suggesting a potential breakout. A bullish breakout above the red trendline and consolidation above $96,000 could lead to a strong upward move toward the resistance zone. Traders should watch for volume confirmation and breakout retest opportunities for optimal entry points.
Source Message: TradingView