Technical analysis by FrankFx14 about Symbol BTC: Buy recommendation (8/10/2025)

Bitcoin (BTCUSD) is showing strong bullish momentum after bouncing from the $115,321 – $115,383 support level. Price is now aiming toward the supply zone between $120,428 – $120,492. 🔹 Key Levels: Supply Zone (Resistance): $120,428 – $120,492 Current Price: ~$118,380 Support Zone: $115,321 – $115,383 Demand Zone: $113,250 – $112,130 🔹 Analysis: Price has formed a solid rally after retesting key support, confirming bullish strength. As long as price holds above $116,984, the next target remains the supply zone near $120,492. If bulls break above this zone, further upside could be seen. 🔹 Bullish Scenario: Entry: Above $116,984 support Target 1: $120,428 – $120,492 Target 2: Potential breakout above $121,000 Stop loss below $115,321 🔹 Bearish Scenario: Failure to hold above $116,984 could trigger a retracement toward $115,321 and possibly the demand zone at $113,250. 📍 Bias: Bullish toward $120,492 unless support is broken.