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 movement that pushed the price beyond the psychological threshold of $100,000, a technical correction followed, which found solid support in the $72,000–$73,000 area — a level that previously acted as strong resistance and has now turned into support.🗓️ Cyclical Aspect: April Close and Monthly SetupThe month of April, historically a key cyclical month for Bitcoin, closed strongly above the $93,000 level, which is highlighted in the chart as a crucial price/time level to understand bullish dynamics.This monthly close strengthens the market’s bullish outlook:April closed above $93,000 → a sign of structural strength.The most recent weekly close also confirmed a hold above this level, supporting the hypothesis of a continued upward trend.🚀 Projection: Breakout of $108,000 and Future TargetThe current all-time high is located around $108,000.A confirmed breakout above this level could trigger a new bullish leg toward the next key target at approximately $134,000, in line with the price extensions shown on the chart.📊 Key Technical ElementsCyclical time zones are marked by vertical blue and orange lines, indicating key phases in the market.Measured retracements and rallies with percentages and key technical levels (support/resistance).Green and red arrows indicate significant cycle lows and highs.✅ ConclusionThe current structure of Bitcoin remains strong and bullish.The fact that the price closed both the month of April and the most recent week above the $93,000 level — a strategic price/time level — serves as additional confirmation of the uptrend’s strength.A breakout above the all-time high of $108,000 could lead to a new upward leg toward $134,000.However, if the price were to fall back below $93,000 and confirm a weekly close under that level, we could see a phase of consolidation rather than immediate continuation of the rally.As long as the price holds above $93,000 on a weekly basis, the bullish scenario remains valid.