Technical analysis by Trade_Hive_Signals about Symbol BTC: Buy recommendation (8/24/2025)

Market picture and sentiment The price is trading around $114,942, down slightly by about -0.65% on the day. Daily range: high - $115,833, low - $114,583. The medium-term and long-term trend remains bullish, supported by large capital infusions (ETFs, institutional purchases). Bernstein analysts suggest that the current bull rally could last until 2027, which is significantly different from the usual four-year cycles. Support and resistance levels Resistance: The nearest zone is $120K-121K, where growth was expected to slow and consolidation. The long-term target is $135K, and even $150K by 2026, according to analysts' forecasts. Support: Multiple bounce point at $110K–112K is critical to maintain bullish momentum. Nearest technical support at $111.9K, followed by $107.4K and $105.2K. Technical Momentum and Structure Consolidation is seen around $113.8K, with volumes rising (to $48B), signaling pent-up interest despite short-term fatigue. BTC recently broke out of its downward channel, a positive sign. RSI remains favorable, and declining balances on platforms indicate institutional accumulation. A breakout of $114K could trigger upside potential to $143K (25%) and further to $200K, according to Rosenberg Research.