Technical analysis by AspiringPro about Symbol BTC: Buy recommendation (7/22/2025)

In a previous analysis I used the range of the yellow triangle as grounds for suspicion that the bull run may be over. Now, thankfully, it appears to have formed a support on top of this triangle, instead. I believe its possible for a big breakout here that will pop out of the red log zone, which would signal the top of this cycle/bubble. However, for this we will need lots of volume, for which we need lots of euphoria. $192,000 seems to be the target based on the target of the yellow triangle drawn, as well as the fib retrace. The fact that we are consolidating above $115,000 speaks to me that we still have plenty of juice, but moving the price at this market cap will require a lot of juice. Thus, I have ladder sells starting at $130,000Bitcoin always surprises us. Thus, I would not be surprised if we didn't even make it out of the red log channel, especially given how much time we have spent inside the red zone this cycle (obviously due to slower movements corresponding to the high marketcap). The cycle top this time could be a mere touch of the top of the red channel. That is why I will start scaling out at $130,000 - this is the area where price will touch the top of the red zone channel.