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Technical analysis by LegionQ8 about Symbol BTC: Buy recommendation (12/16/2025)

https://sahmeto.com/message/3990848
LegionQ8
LegionQ8
Rank: 4669
1.7

بیت کوین در مسیر صعود: حمایت مثلثی پابرجا، هدف بعدی ۸۸,۵۰۰ دلار!

Buy
Price at Publish Time:
$86,442.02
Buy،Technical،LegionQ8

Hello traders! Here’s my technical outlook on BTC/USD based on the current chart structure. After a prolonged bearish move inside a downward channel, Bitcoin found a base near the lower boundary and reversed sharply, signaling seller exhaustion and a shift in momentum. This reversal was followed by a breakout above the descending resistance, confirming the end of the bearish phase. Price then entered a consolidation range, where accumulation took place before a confirmed breakout pushed BTC higher. Following the range breakout, the market formed a triangle structure, with price respecting the Triangle Support Line while facing pressure from the Triangle Resistance Line. Recently, BTC revisited the Buyer Zone around 86,300–85,500, which aligns with both horizontal support and the lower triangle boundary. Buyers stepped in at this level, defending the structure and keeping the recovery scenario intact. Currently, BTC is attempting a rebound from the Buyer Zone and is aiming toward the 88,500 Resistance Level (TP1). As long as price holds above the support zone, a move toward this resistance remains likely. A clean breakout above 88,500 would confirm further upside continuation, while rejection could lead to another consolidation or retest of support. For now, the structure favors buyers, with 86,300–85,500 as key support and 88,500 as the main upside target. Please share this idea with your friends and click Boost 🚀As we can see, Bitcoin is moving in the direction we need. Now there is a correction and we are waiting for the movement to our target.Today we see an unusual picture for Bitcoin, because the candle shadow is at $90K. Informal manipulation, in general, we reached our target.

Source Message: TradingView
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