Technical analysis by mpd about Symbol BTC on 8/31/2025

In my view current BTC correction will find supoprt at 0.618 Fibonacci Level, around 105k area, where bullish trend will resume to complete the bullish cycle startede in 2020 after covid crash. My final target is around 155k but I see a correlation between BTC and SPX cycle so assuming that my final target for SPX is around 7440 area and considering that usually BTC anticipates SPX inversions I'll close long position when SPX will be in 7300 area. After bullish cycle completion I see a long term bear cycle starting for SPX and BTC in 2026.