Technical analysis by SepidehArjmand about Symbol BTC on 8/7/2025

Bitcoin Technical Analysis | August 7, 2025 After a corrective move to the $112,000 support zone, Bitcoin bounced back and is now moving along a rising trendline (highlighted in pink). As long as the price holds above this line, the bullish structure remains intact. 🔸 Currently, BTC is approaching a key resistance zone between $117,500 and $118,600, which aligns with the descending orange trendline on the chart. If this zone is broken with confirmation, the next potential targets will be: $122,400 and $129,500 🔻 However, if the price gets rejected from this resistance: The first support lies at $115,570 Breaking below that, the next support will be the purple trendline A confirmed break of the bullish structure could push BTC down to $110,524 📌 Conclusion: Bitcoin is nearing the apex of a symmetrical triangle pattern. A breakout in either direction could define the next major move. Make sure to mark these critical levels on your chart and adjust your trading strategy accordingly.