Technical analysis by Daffapouuse about Symbol BTC: Buy recommendation (10/1/2025)

BTC/USDT Analysis (Daily Timeframe) Chart Pattern A double bottom pattern has formed around 109,000 – 110,000, which often signals a strong bullish reversal as buyers defend the same support level twice. Key Levels Main Support: 109,000 – 110,000 (double bottom area). Immediate Resistance: 118,000 – 120,000 (currently being tested). A breakout above this level will confirm the double bottom reversal. Upside Target (TP): Supply zone around 127,000 – 130,000. Bullish Scenario If price holds above 114,700 – 115,000 (minor support after breakout), BTC has the potential to continue toward 118,000. A confirmed breakout above 118,000 – 120,000 will open the path toward 127,000 – 130,000. Bearish Scenario (Alternative) Failure to break 118,000 – 120,000 and a drop back below 114,700 may lead BTC to retest 110,000 support. A breakdown below 110,000 will invalidate the double bottom and expose BTC to further downside below 105,000. Conclusion The structure currently favors the bulls with the double bottom pattern in play. As long as 110,000 holds, the medium-term outlook remains positive. A breakout above 118,000 – 120,000 would confirm the bullish bias and set the stage for a move toward 127,000 – 130,000.