Technical analysis by mycotoxin about Symbol BTC on 8/5/2025

if the wyckoff methodology is applied then this is a re-accumulation phase with a first target in the 150k area followed by a main target in the 260k to 280K zone. The wyckoff phases identified on the chart are as follows Phase A: BC (Buying Climax) AR (Automatic Reaction) ST (Secondary Test) Phase B: Characterized by volatility and testing within the range. Phase C: SC (Selling Climax) Spring – a final shakeout below support to mislead traders before upward movement. Phase D: Clear higher highs and higher lows; sign of strength (SOS) and last point of support (LPS) observed. Phase E : Price has broken above the re-accumulation range and rested the trading range which is now acting as support. As the assets price exits the trading range id expect a strong move to around the 150K area followed by a secondary move to the 260-280k target.if the wyckoff Point and Figure (PnF) analysis is applied we can use it to calculate the first target stop after a breakout. Using the PnF method the first target should be between 133k and 180k and this will also be the take profit area. P&F Count Estimation using the following: structure: ============================================== a) Major low (Spring/Phase C): Around $15,500-16,000 b) Potential breakout level: Around $73,000-75,000 (previous highs) c) Current resistance to clear: Around $70,000-75,000 range d)From the width of the accumulation pattern there are 12-15 columns of consolidation activity. Conservative P&F Target -------------------------------------------- using the vertical count method: Base = ~$60,000 range width Breakout point = ~$73,000 Conservative target = $73,000 + $60,000 = ~$133,000 Aggressive P&F Target: -------------------------------------- Using a wider count or horizontal count method: Extended range = ~$90,000-100,000 Breakout point = ~$73,000 Aggressive target = $73,000 + $100,000 = ~$173,000-180,000