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

BTC/USD – Daily Price is testing the rising trendline support after a sharp rejection from recent highs. Currently sitting right on the line (circled), showing whether bulls can defend this level or if we risk a deeper pullback. 🔑 Key Levels: Support: $111,950 – $112,000 Resistance: $127,000 Rising trendline (watch closely for confirmation or breakdown). Momentum is slowing, and we’ve got regular bearish divergence on the histogram—suggesting caution. If this support holds, continuation higher is likely. If it breaks, expect retest of lower demand zones.