Technical analysis by fred971 about Symbol BTC on 10/4/2025

Alright, so let me break it down for you. You see this blue ascending line here? This has been acting as major support for a while now. Every time price came down and touched it, we’ve had a strong bounce — it happened three times before, and now we’re on the fourth one. Right now, Bitcoin is sitting around $122,500, and just like the previous bounces, it’s starting to push back up. If the pattern continues like before, the next logical target is the upper red channel line, which has been a key resistance. That’s roughly in the $126K to $128K range. If we manage to break through that red line with real momentum, then the next big target is this yellow trendline up here. That’s a much larger resistance zone — somewhere around $135K to $140K, depending on how quickly price moves. The volume on this bounce is picking up, which is a good sign. But I’m keeping an eye on that red resistance, because in the past, that’s where rallies have stalled. So in short: Short term, I’m looking for a move toward $126K–$128K. If we break out, then $135K–$140K is on the table. If we fall back below the blue support line, the bullish scenario is off. Pretty clean structure so far — Bitcoin has been respecting these lines almost perfectly.