Technical analysis by discobiscuit about Symbol BTC on 8/25/2025

Bull (green) and bear (red) analysis for BTCUSD. First, the bear case sees an ending diagonal off April low of 74.420.69. I think this is less likely than the bull case because 1) wave ((5)) of the ending diagonal did not throw over the wedge and 2) wave ((2)) and ((4)) are both double-threes and thus violating the rule alternation. However, if correct would see continuing impulse waves down breaking 110555.26 and 98225.01. 117416.73 needs to hold as resistance in this scenario. I think the more likely case is the bull case, with a 1/2 1/2 looking for wave ((3)) towards the 150k area. Price bouncing off .5 fib, high probability area for a wave ((2)), key support at 110555.26; this could break down and set up for a deeper wave ((2)). Break below 98225.01 would violate bullish case. Bulls need to break above 117416.73, 124533, and 136909.74 to support this count.