Technical analysis by PrimexCapital about Symbol BTC: Buy recommendation (2/3/2025)

Bitcoin is currently trading within a well-defined range between $92,000 (support) and $108,000 (resistance). After a strong rejection from the lower boundary, BTC has bounced back toward $100,000, showing signs of recovery. If price sustains above $98,000-$100,000, BTC could push toward the upper resistance zone at $108,000. However, failure to maintain bullish momentum may result in another retest of $92,000 support, with a potential breakdown leading to further downside. Traders should watch for a clear breakout above $108,000 for bullish continuation or a break below $92,000 for a deeper correction.