Technical analysis by CryptoSanders9563 about Symbol BTC on 8/23/2025

BTC/USDT RSI Analysis RSI (Relative Strength Index) breakout analysis. Descending wedge in RSI From August 11 to August 22, RSI was forming a descending wedge pattern (lower high, higher low). This is usually a bullish reversal setup. RSI breakout RSI broke out of the bullish wedge on August 22 → rose from ~30 to ~65. Current RSI = 55.97 → from neutral to bullish territory. Moving average (yellow line) = 44.41, which means RSI is above the trend, indicating positive momentum. RSI breakout confirms strong buying interest. This could mean that BTC has completed its short-term correction phase and is ready for another rise. DYOR | NFA