Technical analysis by traderisso about Symbol BTC: Sell recommendation (9/2/2025)

In a bull market Fibonacci extensions usually target the 2.618 level which is around 152,000$. The target of the 4th internal wave of the 5th wave, which is the last upward wave, is 96,000$. When the 5th and last upward wave ends, I expect this rising parallel channel to break down and head towards the lower Fibonacci channels. I think Bitcoin will enter a long-term uptrend again, especially after 70,000$ levels. * The purpose of my graphic drawings is purely educational. * What i write here is not an investment advice. Please do your own research before investing in any asset. * Never take my personal opinions as investment advice, you may lose your money.