Technical analysis by Alessiocalabretta about Symbol BTC: Buy recommendation (5/10/2025)

📈 BTC/USD Technical Analysis – Bullish Trend with Continuation SetupThe image represents the weekly chart of Bitcoin (BTC/USD) and clearly shows a structurally bullish trend. After a strong upward move that pushed the price beyond $100,000, a technical correction followed, which found solid support in the $72,000–$73,000 area — a previously strong resistance level that has now turned into support.🗓️ Cyclical Aspect: April Close and Monthly SetupApril, historically a significant month in Bitcoin's cycle, closed bullishly and above the key $93,000 level, which is highlighted in the chart as a crucial price/time zone.This reinforces the underlying strength of the uptrend, as:The monthly close above $93,000 confirms bullish momentum.The recent weekly close also held above this level, strengthening the case for a potential continuation to the upside.🚀 Projection: Breakout of $108,000 and Future TargetThe current all-time high sits around $108,000.A confirmed breakout above this resistance could trigger a strong price acceleration toward the projected target of approximately $134,000, in line with the price extensions shown on the chart.📊 Key Technical ElementsCyclical time zones indicated by vertical blue and orange lines.Measured retracements and rallies with percentages, key support/resistance zones, and highlighted accumulation/consolidation areas.Green and red arrows mark strategic lows and highs in the market cycle.✅ ConclusionThe current structure remains strong and bullish. The fact that both the monthly and weekly closes held above the $93,000 level — a significant price/time level — provides further confirmation of the bullish momentum. If Bitcoin breaks through the $108,000 all-time high, a new leg up toward $134,000 is likely, supported by strong market structure and favorable cyclical conditions.