Technical analysis by Sive-Morten about Symbol BTC: Buy recommendation (5/12/2025)

Morning folks, So, everything goes with the plan and we still consider 110-111K area as the nearest target.At the same time this area agrees with weekly and daily overbought, so direct upside breakout hardly possible. Naturally, when the market is already near the target it doesn't show deep retracement. Thus, we suggest that either upward action continues right from flag shape or 101K support. 98K support area looks cool, but it is more for stop placement and invalidation level rather than for expecting of real retracement there.