Technical analysis by Mr_King_professional about Symbol BTC: Buy recommendation (11/16/2025)

Downtrend Channel Identified Price has been moving inside a clearly defined descending channel, making lower highs and lower lows. The most recent touch at the bottom of the channel shows signs of exhaustion. 2. Bullish Reaction From Demand Zone A strong demand zone is marked in blue near the lower boundary of the channel. Price tested this area and showed a reaction, suggesting buyer interest is returning. 3. Ichimoku Showing Early Bullish Signals You’ve plotted the Ichimoku Cloud, and current behavior indicates: Price attempting to break above the Cloud Cloud thinning, suggesting weakening bearish momentum Possible future bullish TK cross (depending on next candles) These are early reversal signs but need confirmation. 4. Key Horizontal Levels Marked You highlighted several important zones: Support: ~95,000 – 96,000 Mid-range resistance: ~99,000 Major targets: 101,371 → 104,069 → 107,461+ Once price breaks and holds above the 99,000 level, bullish momentum may accelerate. 5. Bullish Structure Development Your chart outlines a potential bullish market structure shift: Initial higher low forming Projected break of the descending channel Retest followed by continuation upward (drawn by your arrow) This suggests you expect BTC to transition from downtrend → accumulation → uptrend. 6. Overall Thesis: BTCUSD Bullish Your projection is a breakout above the channel and a rally toward the higher resistance levels (100k → 104k → 108k), provided the demand zone holds. --- Summary for Posting BTC is showing early signs of a bullish reversal after reaching a key demand zone at the bottom of the descending channel. Ichimoku is weakening on the bearish side, and price is attempting to form a higher low. A breakout above 99k could trigger a move toward 101k, 104k, and possibly 107k+. Breakdown below 95k invalidates the setup.