Technical analysis by fugutrader about Symbol BTC on 8/11/2025

BTC has made a strong recent runup and is now testing the high side of a recent consolidation channel. A Rising Wedge making higher highs and higher lows is pushing BTC into overbought territory and if the attempts at the previous channel high fails, with price falling through the lower wedge support line, there could be a period of bearish exhaustion to previous support zones.