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🚨BITCOIN (BTCUSDT) MARKET ANALYSIS – April 10, 2025
Check out this 5-minute chart from TradingView. We’re seeing a bullish recovery pattern forming after a sharp drop earlier today. Here’s the breakdown:
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Support Zone
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$79,026 has been marked as a key decision level. BTC has tested this support and is holding well. This zone acts as the launchpad for the next potential bullish leg.
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Structure & Trend
BTC is moving in a bullish parallel channel after the bounce.
Price is forming higher highs and higher lows, a classic sign of short-term bullish structure.
As long as $79,026 is defended, we’re looking strong.
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Target Projection
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Immediate Resistance: $80,706
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Breakout Target: $81,700
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Extended Target: $82,594 (watch if momentum strengthens)
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Invalidation
A clear break below $79,026 would invalidate this pattern and flip the short-term structure to bearish.
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Summary➡️
Trend: Bullish🟢➡️
Support Holding: $79,026➡️
Next Target: $81,700🚀➡️
Bias: Bullish as long as the price holds above key support.
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Drop your thoughts in the comments! Are you bullish or waiting for confirmation?