Technical analysis by ScottMelker about Symbol BTC: Buy recommendation (6/9/2025)

Bitcoin continues to defy expectations. What looked like a clean head and shoulders breakdown just days ago has now flipped into a textbook fakeout. Price broke the neckline with conviction – only to reverse hard and bounce perfectly off the 50-day moving average, a key level that’s now acting as support.Since that breakdown, we've seen four strong green candles in a row, reclaiming not just the broken neckline but also invalidating the bearish pattern entirely. That kind of move catches a lot of traders offside – and squeezes them back in higher.Momentum is back on the bulls’ side for now. Volume is still relatively modest, but the price action is clear: dip bought, structure reclaimed, and bulls back in control – at least for now.