Bitcoin (BTC/USDT) Daily Analysis – Buying Opportunity Ahead

📅 Date: April 16, 2025

📈 Chart Timeframe: 1D (Daily)

💹 Pair: BTC/USDT

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Chart Overview

Bitcoin has been forming a falling wedge pattern on the daily timeframe, which is typically a bullish reversal setup. After an extended correction from the $110,000+ zone, BTC appears to be finding strong support around a major buying area near the $72,000–$76,000 range.

The chart shows confluence from multiple technical levels:

- Rising trendline support from past higher lows.

- Demand zone (highlighted in blue) aligned with historical support and accumulation zones.

- Price action nearing the bottom of the wedge, indicating a potential breakout.

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Technical Analysis

📌 Pattern: Falling Wedge

📌 Support Zone (Buying Area):$72,000 – $76,000

📌 Immediate Resistance: $88,000 – $90,000

📌 Major Resistance Zone: $108,000 – $112,000 (Supply zone in red)

📌 Trendline Support: Long-term trendline intact

Price Outlook & Prediction:

Based on the current setup:

manage your risk! 🚀