Technical analysis by TheSignalyst about Symbol BTC: Buy recommendation (8/23/2025)

Bitcoin has always moved in cycles — a strong impulsive rally 📈 (1), followed by a healthy correction 🔻 (2), then a breakout above the previous high 🔓 (3). Looking at the chart, the current price action is following this same rhythm once again. After the last correction, BTC bounced strongly, retested previous highs, and is now consolidating before its next potential move. If this pattern continues to repeat, the next leg could take Bitcoin toward the $140,000 target 🎯 — aligning perfectly with the upper bound of the long-term channel. 👉 The past doesn’t guarantee the future, but BTC’s structure suggests the market might just be writing the same story again. 💬 What’s your bias here? Are you bullish or waiting for a deeper pullback? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr