Technical analysis by Trade_Hive_Signals about Symbol BTC: Buy recommendation (8/7/2025)

Current situation The price is trading around $114,959, having reached a daily high of ~$115,678 and a low of ~$113,851. BTC is holding the 50-day moving average (SMA) and the downtrend is not dominant - this level is an important technical support. A bull flag pattern has formed, which indicates a likely further upward momentum. Support is formed near $110,000, and a potential breakout target is $120,000. Technical patterns and levels The inverted head and shoulders pattern on the weekly chart indicates further growth. The neckline is at ~$115,000 - its breakout can open the way to targets in the range of $132K - $141K, and the theoretical measurement of the movement predicts up to $172,000, which is ~50% growth. After an unsuccessful attempt to overcome the resistance at ~$115,600, the bearish trend remains in the short term. However, the stability above $114,500 is supported by the growth of institutional interest and the inflow of capital into crypto products, which creates the preconditions for a possible breakout. Main levels and signals Support: ~$110,000 is a critical level, the violation of which will cross out the optimistic scenarios. Resistance: ~$115,600–115,700 is the nearest barrier. A sustainable breakthrough through it with volume can open the way up. Goals for growth: $120,000 → then $132,000–141,000 → potentially up to $172,000. Risks: A failure below $110K can trigger a deep correction. .