Technical analysis by ALLEYPROFESSIONALS about Symbol BTC: Buy recommendation (6/18/2025)

This chart represents a 1-hour time frame for Bitcoin (BTC/USD) on the BITSTAMP exchange. Here are the key elements:1. Price Action:The chart shows the movement of Bitcoin's price, represented by green and red candlesticks. Green candlesticks indicate upward price movement, and red candlesticks represent downward movement.2. Key Levels:Resistance: A critical resistance level is identified near $107,280. This is the point where Bitcoin may face difficulty moving higher.Support: The support level is located at $103,318, representing a potential price floor where the price may bounce upward.Target Area: A potential target zone is set near $110,145, suggesting where the price might head if the bullish trend continues.3. RSI Indicator: The chart also includes a Relative Strength Index (RSI) to measure whether Bitcoin is overbought or oversold.There are specific points where the RSI could indicate buying (oversold conditions) or selling (overbought conditions).4. Trend and Volume:The volume indicator at the bottom reflects the level of market activity, with larger volume bars showing higher trading activity.please consider leaving a comment or boosting it. Your feedback and support go a long way in helping me continue to create better content for all of you.