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Technical analysis by FirstNameHelen about Symbol BTC: Buy recommendation (7/3/2025)

https://sahmeto.com/message/3614266
FirstNameHelen
FirstNameHelen
Rank: 419
3.0
Buy،Technical،FirstNameHelen

Hi folks today I'm prepared for you Bitcoin analytics. If we look at the chart, the price has formed a clean upward channel after bouncing from the strong support zone at 103500 - 103000 points. This movement marked the beginning of a new bullish phase. Price continued to rise step by step, confirming the structure with higher highs and higher lows. After reaching above 110000 points, it made a minor pullback but still trades above Support 1 - 108800 points. This zone, 108800 - 108200 points, aligns well with the midline of the channel and may serve as a strong area for buyers to re-enter. The price is currently trading around 110382 points and is still respecting the channel structure. As long as BTCUSD stays above the support zone and inside the ascending channel, I expect a potential continuation toward the upper boundary. My current goal is 114000 points - near the resistance line of this bullish channel. Given the strong trendline support, clean reaction at each correction, and buyer activity on lows, I remain bullish and anticipate further growth. If you like my analytics you may support me with your like/comment ❤️Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.Ok, price made correction movement, until to trend line. When it reached this line, I think it rebound and start to move up.Price broke support level and fell to trend line. So, I closed this trade.

Translated from: English
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Signal Type: Buy
Time Frame:
1 hour
Profit Target:
$114,000
Stop Loss Price
$108,200
Price at Publish Time:
$110,462.32
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