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

Dear Traders, On the BTC/USD daily chart, we’ve observed a significant technical development: a Golden Cross formation. This occurred on October 24, when the 50-day moving average crossed above the 200-day moving average—often interpreted in the crypto market as a bullish momentum signal. Historically, the last time this pattern emerged, it marked the beginning of a strong upward movement in Bitcoin's price. If we apply the same fractal pattern from that period and overlay it on the current structure, the projection suggests a potential target of $150,000 for BTC, with a speculative timeline pointing toward July 25. Additionally, Volume Profile (VP) analysis during the fractal period identifies the $105,000 level as a key area of interest. Previously acting as resistance, this level is likely to flip into strong support as Bitcoin gains momentum. Further technical confirmation is found through Fibonacci extension levels: 200% extension aligns with a target around $122,000. A more extended bullish move could push BTC as high as $155,000. While it's crucial to wait for additional confirmations and market validation, the presence of this Golden Cross and repeating price structure offers a compelling setup worth monitoring closely. Stay sharp and manage your risk accordingly. Regards,