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

We are experiencing a key pattern here which is Rising Wedge. In Bitcoin trading, Rising Wedge is a massively bearish pattern most of the time. "With a %51 probability" -as they say- we are going down. Recollection area will be under 50k price level. Valuations might be around 30k this time. There is also another possibility of course, if the Bitcoin uses that monthly ultra bullish break out pattern, price may visit 1million dollar too. Good thing for massive investors is most of the traders are not targeting price levels above 250k. So they may sell a lot of Bitcoins under 250k price level. So targeting 1 million dollar with a volume will be possible for the largest investors and traders of the world. But of course, if we need to be chary, it is important to close maybe half of our positions at these price levels. Because Bitcoin may not reach any price level above of 168k until the next cycle. I know it is surprisingly stupid thing for Bitcoin that it is not growing logarithmicly, but since 2018 there are a lot of future market products to keep the prices down. So, as soon as there are not negative funding payments for the benefit of Bulls, "maybe it doesn't worth risk" I can say. As soon as there is no short squeeze like I chased and informed the environment in 2020, it is always gonna be hard to reach higher targets for Bitcoin. Because, market makers of the exchanges loves the corrections, sideways and liquidations. Basically, Bitcoin has not chasing his dreams and achieving price targets like it had done in the past. This is why lots of people looking for opportunities on different alt coins to cover their loses and increase the numbers of their wealth and mostly getting rekt. This is also how Bitcoin suffering because of the lack of demand. Distracted communities giving more time to the professionals to enter at cheaper prices. Trading Bitcoin after 10 years will probably be impossible for regular folks because of higher minimum trading requirements and more automated-rapid trading machines. We may not even see any new ATHes in the closest future for Bitcoin because of the diminishing returns theory which is almost becoming proven.