Technical analysis by sorooshx about Symbol BTC: Buy recommendation (8/20/2025)

📊 Price: ~$114,016, consolidating after failing $120,000 resistance (24h). Technical Analysis: • Supports: $112,300, $108,000 • Resistance: $116,800, $120,000 • RSI: 46 (daily, neutral), 50 (4-hour) • MACD: Bearish, histogram narrowing • EMAs: Below 20-day ($117,300), above 50/200-day ($115K/$110K) • Bollinger: Near mid-band ($115,400, daily) Patterns: • Ascending Channel: Retest of mid-channel ($114K–$115K, August 15–20) • Bearish Pinbar: August 14 • Doji: August 19 On-Chain: • MVRV Z-score: 2.2, neutral, nearing rally trigger • Active Addresses: Up 3% (30d) • CDD: Low, strong HODLing • LTH Supply: 74% held >155 days • STH Supply: Down 13% (30d), profit-taking Fundamentals: • M2: $107T (Feb 2025), 3.8% growth, 0.94 correlation with BTC • ETFs: $15B inflows (2025), $0.8B weekly (August 15) • Regulatory: GENIUS Act supports crypto (July 2025) BTC Reserve: Exchange reserves down 10% (2025), low selling pressure. Dominance: 61% (BTC.D), neutral, altseason if <63.2%. Social Sentiment: 450K #BTC mentions on X, 55% bullish ( low volatility, dip-buying). Trends: Neutral short-term, possible dip to $112,300. Long-term: $130K–$200K (2026). Signal: Buy (60% confidence) • Buy on dips: $112,300 or $108,000 • Stop-loss: <$108,000 • Target: $116,800 short-term, $130,000 (Q4 2025) Disclaimer: Research before investing. #BTC