Technical analysis by HAMED_AZ about Symbol BTC: Buy recommendation (12 hour ago)

Hello Traders! 👋 What are your thoughts on Bitcoin? Bitcoin continues to move within a valid ascending channel. After a recent correction, price successfully broke above the descending trendline and reclaimed a key resistance area. Currently, the previous high near the 120,000 level is acting as a resistance barrier. A short-term pullback toward the broken structure is expected. If this area holds as support, the price is likely to resume its upward move and attempt to break the previous high. As long as the price holds above the support zone and the bottom of the ascending channel — and does not break below the previous low — this bullish scenario remains valid. The medium-term outlook remains positive, and pullbacks may offer new buying opportunities. What do you think? Will Bitcoin break above the previous high, or is a deeper correction ahead? Don’t forget to like and share your thoughts in the comments! ❤️