Technical analysis by crypto_vulture_signals about Symbol BTC on 8/17/2025

Bitcoin has once again shown a strong upward wick similar to previous cycles, where such moves often aligned with bearish divergence signals. Historically, when these divergences appeared, the market either corrected or transitioned into a bearish phase. Right now, BTC may attempt a retest around the $120,000–$122,000 zone, potentially fueled by short-term hype or news. However, if the divergence plays out as in past cycles, the market could begin correcting soon after. The first key liquidity zone sits near $98,000 — holding above this level keeps the structure healthy. But if BTC breaks below $98K support, the risk of a deeper bearish correction increases, possibly shifting the broader trend into a prolonged downcycle. Traders should be cautious here: watch the $120K retest for rejection and the $98K support for confirmation of the next major move.