Technical analysis by BrytJoy about Symbol BTC: Buy recommendation (8/15/2025)

BTC has broken below its ascending trendline from early August, signaling a shift in momentum. Price is now bouncing toward the $119.8K–$120K zone, which aligns with both the broken trendline and prior support a strong potential resistance. Key Levels: Resistance: $119800 –$120500 Targets: $117300K → $116400 → $114500 Deeper Target: $112800 if $114500 breaks The breakdown came with strong sell volume, while the current bounce is weaker, favoring the bearish scenario: rejection at resistance followed by continuation toward $114500. A 4H close above $121500 with strong volume would invalidate this bearish view. Bias: Bearish until $121500 reclaimed.Target 1 hitTarget 2 (116400) hitPrice reached 114500 and held