Technical analysis by Aziztvt about Symbol BTC: Sell recommendation (7/16/2025)

Market Overview Bitcoin is currently trading at $118,788, with an intraday high of $119,311. The market has recently tested a major resistance zone and is showing signs of a potential pullback toward a key demand zone before a possible continuation to higher levels. Projected Scenario (Bullish Bias) Expected pullback to the support zone around $105K – $108K. If price holds and shows a bullish reversal, a breakout above $124K is expected. Primary upside target: $142,807 (Fibonacci projection / potential new high).