Technical analysis by JustinNorok about Symbol BTC: Buy recommendation (8/28/2025)

Bitcoin has been trading inside a descending channel, consistently rejecting the upper boundary while protecting the 111,600 support zone. This level has become a key pivot for the market, and as long as price remains above it, the structure favors bullish continuation. Currently, BTC is testing the channel resistance and showing signs of a possible breakout. If buyers hold control above 111,600, the path opens for upside targets at 114,500, 117,200, 120,100, and finally the major resistance zone near 123,100. A confirmed breakout with retest would strengthen the bullish momentum and bring higher confidence in continuation toward these targets. On the other hand, if BTC fails to sustain above 111,600, the price may fall back into consolidation, keeping the market inside the channel with limited upside potential. Traders should closely monitor the support and the breakout structure, as this level will decide whether BTC accelerates into a new bullish leg or continues sideways. At this stage, the market outlook leans bullish, but confirmation is required before aggressive long positions.