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

Bitcoin has been climbing along a steady ascending support line, now testing a key resistance zone around $122K that has previously acted as a strong rejection point. The Stoch RSI is deep in overbought territory, suggesting potential short-term selling pressure. A breakout above this resistance with strong volume could open the door to further upside, while another rejection may send price back toward the trendline for a retest.