Technical analysis by GKTrademanthan about Symbol BTC: Sell recommendation (8/20/2025)

Bitcoin Elliott Wave Outlook – Eyeing $140K Levels Pattern: The chart applies Elliott Wave Theory to Bitcoin’s price action, showing it advancing in an impulsive structure. Wave Count: Current move is unfolding within Wave (III) of a larger bullish cycle. A correction into Wave (IV) is expected before the final push toward Wave (V). Possible extension marked as Wave (g) ???, indicating uncertainty on how high the final wave could extend. Key Support Zones: $74,452 $49,779 $26,414 (major long-term support) Key Resistance / Target Zones: $122,994 $131,144 $140,411 (extended bullish target) Current Price: ~$112,919 📌 Conclusion: Bitcoin is in a strong bullish cycle, currently consolidating before potentially rallying higher. If the Elliott structure plays out, BTC could target the $122K–$140K zone, with $74K as key downside support.