Technical analysis by alirezak about Symbol BTC: Buy recommendation (8/3/2025)

Dear Trader, Bitcoin's price is currently moving within a double channel, with the midline of the channel around 108,000. The first scenario is that the price reaches the midline of the channel and then starts an upward movement. The second scenario involves a sharp downward move towards a stop hunt target around 97,000-100,000. In both cases, as long as the price remains above the 100822 level(Daily Close), the bullish trend will continue. Regards, Alireza!