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

Bitcoin continues to respect its ascending trendline while pushing against the 116.8k–117k resistance zone. Price recently pulled back after a local high, setting up a potential retest of the prior breakout level near the blue support box. A successful hold here could fuel another leg up toward the 119k target, while failure to hold may bring the trendline into play. Stoch RSI is approaching oversold territory, hinting at possible bullish momentum if buyers step in. This setup offers a clean structure: – Clear ascending support – Defined resistance zone to break – Stoch RSI nearing reset for potential upside Traders will be watching the retest area closely for confirmation before committing to the next move.