Technical analysis by SILICIDE about Symbol BTC on 9/3/2025

Bitcoin (BTC/USD) is approaching critical levels where both bullish and bearish scenarios could unfold: Bearish Scenarios 1.Price rallies toward $115,000, aligning with the 0.5 Fibonacci level, before rejecting and falling back to $107,000. 2.Alternatively, a push to $117,000 could meet resistance at the 0.382 Fibonacci level, triggering a rejection. Bullish Scenario 3.If bulls remain in control and resistance breaks decisively, BTC/USD could extend higher toward $124,000. Traders should watch closely for confirmation signals at these levels, as the next move will likely set the short-term trend.