Technical analysis by LauraHardy about Symbol BTC: Buy recommendation (8/17/2025)

Bitcoin can jump from the support line and break the resistance level Hello investors, I want to share my opinions about Bitcoin with you. After a strong trend of ascension and a significant break, Bitcoin created a new and higher zone for the price movement and entered the current comprehensive consolidation stage. This consolidation took the form of a large upward pennant, a classic contraction volatility model, where the price was stuck between a descending resistance line and a rising support line. The market was rotating within these borders; The seller area around the 120,000 resistance level limited the rise, while the dynamic support line provided a basis for retreats. The asset is currently located at a critical intersection, and it tests the rising support line after a corrective downward movement of the formation that lasted for weeks. The primary study hypothesis is a long -term scenario based on the expectation of a successful upward recovery from this dynamic support. A verified leap will confirm the integrity of the pennant and indicate that a complete turn is the most likely way. This movement will first push the horizontal resistance at the level of 120,000. Therefore, for this return move, the final TP is logically set to 123,700 levels, because this level aims at the top resistance line of the Flem, which represents an important decision point for a possible future exit.