Technical analysis by The_Best_Trades about Symbol BTC: Buy recommendation (8/31/2025)

BTC/USD – Technical Outlook (Bullish Bias) Current Price: $108,891 Market Structure BTC/USD has recently tested the $106,900 – $107,200 demand zone twice, confirming it as a strong support level. The repeated higher bounces from this area signal buyer absorption and weakening bearish momentum. Multiple Change of Character (CHoCH) and Break of Structure (BOS) events suggest a potential trend reversal to the upside. Key Levels Support Zone (Demand): $106,900 – $107,200 Immediate Resistance (Supply): $112,000 – $113,500 Major Resistance: $115,500 – $116,000 Bullish Scenario As long as BTC holds above $106,900, the short-term bias remains bullish. A sustained move above $112,000 would likely trigger continuation towards $115,500 – $116,000, where stronger supply is expected. Breakout above $116K could open the way for a larger bullish leg. Volume & Momentum The recent support bounce was backed by rising volume, confirming strong buying interest. Momentum indicators (implied from structure) support a potential upside continuation after short-term consolidation. --- 📊 Outlook: BTC/USD remains constructively bullish in the short term. Holding above $106,900 support will keep the upside structure intact, with targets at $112K and $116K. ---