Technical analysis by RakyatTrader about Symbol BTC on 8/23/2025

Plan 1 – Bullish Scenario (Fed Rate Cut Support) With the Federal Reserve signaling a rate cut, the probability of continued bullish momentum in BTCUSD remains strong. A corrective move may first test the Golden Ratio Fibonacci zone (0.618–0.786), drawn from the swing high 117,390.57 to the swing low 111,659.94, located between 112,908 – 113,846. If buyers step in from this zone, price could extend higher toward the supply zone at 120,818 – 121,730, which also aligns with the golden ratio retracement of the larger swing 124,501.31 – 111,659.94. Plan 2 – Bearish Scenario (Break of Golden Ratio Support) If the Fibonacci Golden Ratio support at 112,908 – 113,846 fails and price breaks down decisively, bearish pressure could intensify, targeting the 1.618 Fibonacci extension around 108,157. This would confirm sellers regaining control after buyers failed to defend a key retracement level. Plan 3 – Bullish Continuation (Toward a New ATH) If the supply zone at 120,818 – 121,730 is broken with a solid candle body—a strong sign of buyer dominance—BTC could enter a more aggressive bullish phase. In this scenario, momentum may drive price into uncharted territory, opening the door to a new All-Time High (ATH). Conclusion BTCUSD is currently positioned at a critical juncture. A healthy pullback into Fibonacci support could provide buyers with the setup to retest the 120k–121k supply zone. Conversely, a break below 113k may expose deeper downside toward 108k. On the flip side, a strong breakout above 121k would shift the market outlook toward a potential new ATH.