Technical analysis by ArmanShabanTrading about Symbol BTC: Buy recommendation (8/2/2025)

By analyzing the Bitcoin chart on the 4-hour timeframe, we can see that after reaching a new high at $123,218, the price began to pull back and has now corrected down to around $112,500. I expect the current volatility to ease soon. The next critical support zone lies between $110,500–$112,000 — watch price action closely here, as BTC could bounce from this area and push back toward $116,000+. Other key demand zones are located at $109,000, $107,900, and the $105,000–$106,000 range. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman ShabanBitcoin has now entered the $110,500–$112,000 demand zone that was outlined in the previous analysis. This is the exact area where we anticipated a potential bullish reaction and increased volatility. This zone could attract institutional buying interest. If price holds and we see strong bullish momentum from here, the next upside targets would be around $116,000 and potentially beyond. However, if this support fails and price breaks below with strong momentum, the next key levels to watch are $109,000, $107,900, and the $105,000–$106,000 range. This is a critical moment for Bitcoin. Monitor price behavior carefully, as the reaction here could determine the direction of the next major move.By analyzing the Bitcoin chart on the 4-hour timeframe, we can see that, just as expected, the price entered the $112,000 demand zone and reacted strongly, climbing to $115,000. Currently, Bitcoin is trading around $114,500, and if it manages to break above the $116,000 resistance, there's a high probability it will continue toward $117,700. All other assumptions from the previous analysis remain valid.By analyzing the Bitcoin chart on the 4-hour timeframe, we can see that after reaching $115,700, the price pulled back as expected, dropping to $112,600. Now, BTC is showing renewed demand and is currently trading around $114,200. If the price manages to hold above the key $112,000–$113,300 support zone, we can expect further upside potential. The next bullish targets are $117,000 and $118,700.