Technical analysis by Quant_Trading_Pro about Symbol BTC on 8/18/2025

Bitcoin is pulling back after a quick reversal from the recent ATH, now retesting the 0.618 Fibonacci retracement at 116.8K, which aligns with the ascending trendline. This confluence makes it a critical support level to watch. Support: 116.8K (Fib 0.618 + trendline) Deeper Support: 114.7K (Fib 0.786) Resistance: 121K–123K rejection zone The Stoch RSI is cooling, suggesting more downside pressure before a potential bounce attempt. A strong reaction at 116.8K could fuel a move back toward 118.3K and 121K. But a breakdown below the trendline risks a test of 114.7K. Traders should watch for confirmation signals at these key levels before entering.