Technical analysis by vf_investment about Symbol BTC: Buy recommendation (8/13/2025)

Bitcoin has recently broken its previous market structure on the 1-hour chart, confirming bullish momentum and opening the door for further upside. This breakout, supported by price action staying well above the Alligator moving averages, suggests strong buying pressure is in play. With the RSI currently around 64, there is still room before overbought conditions are reached, leaving space for additional upward movement. I suggest opening a long position from the current market price, targeting the previous all-time high at $123,145 This level represents a key resistance point where price could face selling pressure, making it an ideal take-profit zone. The stop loss is placed below the recent structural $120,000 to protect against false breakouts. This setup offers a favorable risk/reward ratio of 3.6, meaning the potential upside significantly outweighs the downside risk. As long as the bullish structure holds, I expect Bitcoin to test the ATH in the coming sessions.