Technical analysis by electron_ranger about Symbol BTC: Buy recommendation (6/22/2025)

Spotted a long-term inverted head & shoulders pattern forming over a 7–8 month stretch on Bitcoin — much more reliable than short-term setups. If this bullish structure plays out, we could be looking at a breakout that pushes BTC firmly into price discovery. I’ve included local Fibonacci levels on the chart, though I couldn’t fit the macro one (going from $4k → $69k → $15k — the 1.618 extension of that larger swing lands at $119,800. That could be a key resistance target if we clear the ATH and continue the uptrend. After that, there's the smaller timeframe, but more recent, fib ext 1.618 sitting at $131k. I'd be very cautious of a failed pattern if $101k doesn't hold. As a last support, 95k and the red 20EMA might hold. Let’s see how this plays out 🚀