Technical analysis by Consistent_Trades about Symbol BTC: Buy recommendation (8/30/2025)

BTC is currently in a corrective phase and will very likely continue its correction toward 100k. There’s an 80% probability that 100k will hold as support because that’s where the big red line (200-day moving average) lies, alongside a very strong trendline, and by then it will most likely already be in oversold territory in RSI. All of this would enable Bitcoin to start a new move toward a fresh ATH. However, momentum is slowing down, and Bitcoin is not showing the same strength as before. This is evident because this time it failed to reach the strong upper trendline (the “thick blue line”) and instead stopped earlier. A rise by the end of the year is probable, but BTC is currently trading within a large rising wedge formation. A breakdown below the lower trendline would signal a move to at least 75k, if not lower. For now, the outlook remains bullish. We’ll continue analyzing and see what happens after the upcoming bounce and the attempt at a new ATH.