Technical analysis by electron_ranger about Symbol BTC on 8/9/2025

Key levels are marked on the chart. These are all validated by at least three touches. The pale blue line, that seemingly comes from out of nowhere, is the most significant one because it is the longest running. The ATH trendline for Bitcoin. The choppiness around this level is to be expected. If Bitcoin can gain the fuel to power above here, it'll almost certainly go parabolic. Bulls need the bottom of the orange box at $116k to hold to maintain control.