Technical analysis by popularexperttrader57 about Symbol BTC: Buy recommendation (12/8/2025)

The provided chart is a 15-minute timeframe for BTC/USD, showing recent price action from December 6 to around December 8, 2025. Bitcoin appears to have formed a descending trendline (blue line sloping downward from the left), which acted as resistance during a pullback phase. Price consolidated in a choppy manner, dipped to fill a Fair Value Gap (FVG) near the lower levels around 88,500-89,000, and then broke out bullishly above the descending trendline, supported by an ascending trendline from the recent low. This breakout suggests renewed upward momentum, with the price currently hovering around 92,173 (down 0.41% on the candle), testing immediate resistance near 92,500-93,000. Multiple horizontal support/resistance lines are drawn, including key zones at 90,548, 90,000, and lower at 89,500-89,000, indicating potential areas for bounces or reversals.Focusing on the 89,800 level you're eyeing: This sits near the lower end of the recent FVG zone and aligns with a horizontal support line visible on the chart. It could represent a high-probability dip-buy opportunity if price retraces from current levels, especially as it coincides with the ascending trendline support. Volume appears to pick up on the upside breakout, supporting bullish bias, but watch for any failure to hold above 90,548, which could lead to a retest of 89,800. Overall, the structure looks constructive for bulls in the short term, with potential targets at 93,000 and beyond to 94,000 if momentum sustains, but broader market factors (like macro news or sentiment) could influence this.Trading Signal: Entry: Long (Buy) on dip to 89,800 (wait for confirmation like a bullish candle or bounce off trendline). Stop Loss: 88,500 (below FVG low for risk management). Take Profit 1: 92,500 (near current resistance). Take Profit 2: 94,000 (extension target). Risk/Reward: Aim for 1:2 or better. #BTC #Bitcoin #Crypto #TradingSignal #TechnicalAnalysis This is not financial advice—trading involves risk, and you should do your own research or consult a professional.