Technical analysis by AndeWave about Symbol BTC: Buy recommendation (5/28/2025)

Bitcoin failed to hold above 110000, but at the same time the price is forming a flat. The support has not been tested yet (the cascade of orders below the level has not been touched) and within the uptrend the area of 106700 plays an important role.Based on bitcoin is inside the flat you can consider trading between its boundaries. Scenario: Within the current movement, the price is likely to form a retest of the 106700 support with the aim of liquidation and accumulation inside the flat. False break of support may attract buyers and in this case bitcoin may test 110000 again.Bitcoin is reacting to the key support, but the order block below the border has not been tested yet. A retest in the form of a false breakdown is possible. Consolidation above the level may strengthen the growth