Technical analysis by darksignal about Symbol BTC: Buy recommendation (7/20/2025)

Analysis of the Bitcoin (BTC/USDT) chart on the MEXC platform indicates a positive upward trend. The price is currently hovering around $117,823, with clear support at approximately $100,000, as confirmed by the lower channel line. Moving averages (MA) suggest a sustained upward trend, and the trend line drawn from the lows points to potential for further growth. The current resistance is in the $120,000-$125,000 range, but if momentum holds and this level is breached, the price could head toward $130,000 in the short to medium term. It is recommended to monitor volume and key support and resistance levels to confirm further upward movement. Potential TP: 130 000 $