Technical analysis by miljedtothemoon about Symbol BTC on 9/6/2025

Key Levels Resistance: The most immediate resistance is around $113,557, a level the price has failed to break above several times recently. A decisive break above this level could signal a potential move to the next resistance zone around $115,572. Beyond that, the long-term resistance and previous high is at $122,390. Support: The key support level is the horizontal line at $107,550 and the ascending trendline. This is a crucial area; a break and close below this could indicate a significant bearish continuation, with the next major support level being a previous low around $103,257. Potential Scenarios Bullish Scenario: For a bullish reversal to be confirmed, the price would need to break above the immediate resistance at $113,557 and hold it as new support. This would invalidate the current bearish pattern and suggest a potential move toward the higher resistance levels. Bearish Scenario: The path of least resistance appears to be to the downside. If the price fails to break the resistance at $113,557 and instead breaks below the ascending channel and the key support at $109,568, a more significant drop toward $108,555 would be the likely outcome.