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

Bitcoin is currently trading near the 122300 resistance zone. So far it looks more like a false breakout of the 120k level, and on a bigger picture I see the potential for a correction into the 90k–100k range. However, this doesn’t necessarily have to happen in the coming days. Possible scenarios for the week: Sideways : accumulation within the 115k–120k range. Bullish scenario : a daily close above 120500 could open the way for a rally toward the 125k–130k zone. Bearish scenario : if price drops below 115k, I expect a move toward the 102k–107k area. The green zone (~111k) could provide strong support, as it has previously held the price. RSI on the daily chart is at 63, very close to the overbought zone. A breakout above 120500 could extend the rally, but the risk of a pullback is high. Disclaimer: The author’s opinion may not align with yours. BTCUSDT.P