Technical analysis by weslad about Symbol BTC: Buy recommendation (5/21/2025)

BTCUSDT has sustained a well structured bullish formation since early 2024, consistently reacting to key trendline levels with precision. The initial major impulse started from the $38,545 region, rallying towards the $73,660 high, where the market faced rejection and confirmed a critical resistance zone. Several retests followed within the upper structure, with each rejection forming part of a larger consolidation before a decisive breakout occurred.The most recent breakout above the $101K mark has confirmed renewed strength and continuation of the bullish cycle. We now expect a projected retest between the $106K–$110K zone, which should serve as the springboard for the next impulsive move. If this retest holds, the setup remains valid, and the bullish leg is expected to extend towards the confluence resistance zone around $123,420, $136,000, and $149,450. This upper range is likely to act as the final target area for the current cycle before any significant macro correction sets in.The most strategic re-accumulation opportunity lies around the $100,000–$101,000 region, which aligns with the anticipated retest zone and key structural support. A successful hold in this range could offer a high probability entry ahead of a strong continuation move.Feel free to share your insights on this setup. Let's engage in the comments and grow together. Your likes and support are greatly appreciated.Thank you for taking the time to go through this!Price reached immediate resistance level and reacted aggressively as expected.BTC is staging another strong rally toward the $110,000 zone, and this level now demands close attention. A confirmed breakout above this threshold could trigger a powerful continuation move, potentially extending up to 50% from the current range toward the final setup target.Bitcoin has delivered an impressive rally, officially breaking above the previous all-time high. This breakout validates our earlier AB=CD analysis shared in the post below:With the breakout now confirmed, we shift our focus to observing the next phase of price development.The core projection remains intact and is playing out as anticipated. Those who have been following the setup closely should already be sitting on substantial profits.At this point, the immediate levels to keep a close eye on are $106,000 and $102,500, which could serve as potential reaction zones in the short term.