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Technical analysis by TradingShot about Symbol BTC: Buy recommendation (6/12/2025)

https://sahmeto.com/message/3598696
TradingShot
TradingShot
Rank: 1264
2.6
Buy،Technical،TradingShot

Bitcoin (BTCUSD) is repeating almost to the exact point the 2023/ 2024 uptrend, as right now it is in the process of forming a Megaphone pattern similar to the one during December 2023 - January 2024.Before that, both patterns started the uptrend when a 1D Death Cross formed the bottom. After the 1st Bullish Leg, a Channel Up on a 1D Golden Cross marked the transition to the 2nd Bullish Leg that eventually led to the Megaphone.In 2024, when BTC broke above the Megaphone, it started the final Bullish Leg that peaked a little above the 1.786 Fibonacci extension from the bottom. During that process, the 1D RSI sequences among the two fractals have been similar.As result, aiming for the $150000, which is marginally below the 1.786 Fib ext, is a solid target.Do you think the pattern will continue to be repeated? Feel free to let us know in the comments section below!-------------------------------------------------------------------------------** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **-------------------------------------------------------------------------------💸💸💸💸💸💸👇 👇 👇 👇 👇 👇

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
Profit Target:
$150,000
Price at Publish Time:
$107,576.31
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