Technical analysis by Utopia-2025 about Symbol BTC on 8/29/2025

The daily support at 109,820 and the descending trendline on the 4H timeframe are key levels to watch. Bitcoin’s reaction to these zones will be crucial. A breakdown below this support could signal further downside, which seems more likely considering the previous bearish momentum. However, since Bitcoin has not yet confirmed a trend reversal on the daily timeframe and larger cycles, I prefer not to enter short positions at this stage. On the other hand, in the mid-cycle, a strong bearish trend is already in place, which means that a trendline breakout alone would not be a reliable confirmation of a reversal. For that reason, I don’t expect to take any position on Bitcoin today. Still, given the bullish leg in Bitcoin dominance, the situation could be different for some altcoins. --- 📌 Bullish Scenario Confirmation For me to consider a bullish reversal, the following conditions are required: 1. Price must not form a lower low below 109,820, and instead bounce from the current area. 2. After breaking the trendline, Bitcoin must establish higher lows (at least on the 1H timeframe) and also break above the 113,150 resistance. 3. During this move, rising volume is needed as confirmation of the reversal. In the best-case scenario, we could see these developments play out by Sunday.