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

BTC Tries To Start Another Upward Move Bitcoin is making another push to start a bullish trend. This setup was shared earlier, but now BTC has expanded into a larger bullish pattern. BTC is trying to rise again. If the current breakout holds, we could see further upside, as shown in the chart. The first key target is around 122,650, a crucial level. If BTC breaks through this zone, the upward move could continue toward 126,200 and then 130,000. You may find more details in the chart! Thank you and Good Luck! PS: Please support with a like or comment if you find this analysis useful for your trading dayBTC-Posted on 08-Aug-2025 Target 1 Reached :) ———————————————————————————- Bitcoin Breakout: Bullish Movement Ahead of U.S. CPI This time, Bitcoin has respected the pattern with precision and reached our first target:) 📈 BTC surged toward our first target near 122,650, driven by heightened market anticipation surrounding tomorrow’s U.S. CPI release. The volume spike appears closely tied to these macroeconomic expectations, with traders positioning ahead of the data. Meanwhile, the U.S. dollar is showing mild weakness across the board, adding fuel to BTC’s momentum. However, caution is required. Bitcoin is currently trading within a strong resistance zone, and a corrective pullback remains a possibility. For BTC to continue toward higher targets, it must first break into new all-time highs. Without that confirmation, the risk of a reversal or consolidation remains on the table.