Technical analysis by Eymen-GUVEN about Symbol BTC: Buy recommendation (8/18/2025)

Hello traders, today I am reposting my analysis for Bitcoin on the weekly timeframe with updates. Right Window – Previous Roadmap The right chart shows my earlier analysis “Bitcoin Roadmap to $144K by September – Daily Chart Breakout Set”. In that setup, the main uptrend channel (black) from October 2023 and sub-channels (red and cyan) were mapped. Although I mistakenly closed the trade after the first target was achieved, I still believe the uptrend from mid-March 2024 is ongoing. I have extended my projection to mid-November 2025, with a target of $148K. Left Window – Current Structure On the left chart, we see a new bullish pattern developing. This can be interpreted as either a cup & two handles or an inverse head & shoulders. Price has already closed above the neckline (white line). A successful retest of the neckline adds confidence to the breakout. Fibonacci extension levels project: 200% ≈ $134K 260% ≈ $148K As long as Bitcoin trades above $100K, I believe the next phases are toward $134K and then $148K. Proposed Position Setup Entry zone: Current price area (~$116K) Stop-loss: ~$95K (conservative placement below $100K) Target: $148K Alternate stop for aggressive traders: Weekly close below $105K (red shoulders-support line) This setup balances both faster and longer-term trading styles. Risk-to-Reward Evaluation Potential Profit: ~$32K (from $116K to $148K) Potential Loss: ~$21K (from $116K to $95K) Risk-to-Reward Ratio: ~1.5 : 1 This is acceptable for a weekly swing trade, especially given the uptrend confirmation and multi-pattern confluence. Key Takeaways & Timeline Trend bias: Bullish Main support: $100K (conservative stop-loss below this) Main targets: $134K and $148K Expected timeline: Mid-November 2025 Invalidation: Weekly close below $100K (or $105K for aggressive traders) I remain bullish on Bitcoin as long as price respects the green uptrend line (Oct 2023) and holds above $100K. Volatility is expected, but structure remains intact. Trade safe and size positions according to personal risk tolerance.