Technical analysis by CryptoSanders9563 about Symbol BTC: Buy recommendation (5/29/2025)

BTC/USDT Chart AnalysisThe price has broken above a key resistance area (~$104,000–$105,000) and is now retesting it as support.The 50-day (red) and 200-day (green) moving averages slope upward, indicating bullish momentum.Price activity consolidates just above the key resistance-to-support area, indicating accumulation ahead of a potential breakout.If the price sustains above $104,000, we could see continuation towards $120,000–$125,000.A break below $104,000 could see the price retest lower support areas near $100,000 or even $97,000–$98,000.Conclusion:Bullish bias above $104,000.If support fails, a bearish move is possible, but momentum is in the bulls’ favor right now.Stay tuned for updates and key levels to watch!Thanks for your support!DYOR. NFA