Technical analysis by ProfitMagnet-Pro about Symbol BTC: Buy recommendation (10/5/2025)

Hello everyone 👋, Bitcoin is currently testing a key resistance area around $124K–$126K after a strong bullish impulse. The chart shows a clear break of structure (BOS) and multiple change of character (CHoCH) confirmations, indicating a shift in market sentiment from consolidation to bullish continuation. The price has broken out of a long-term range that extended from $108K to $122K, suggesting growing buying pressure. If BTC successfully holds above the resistance zone and forms a retest, we could see continuation toward $128K–$130K levels in the coming sessions. However, if the breakout fails and price closes back below $122K, a correction toward $118K–$116K could occur before another possible rally. This setup highlights a critical breakout phase, and traders should watch closely for confirmation before entering positions. Resistance: 124,000 – 126,000 Support: 122,000 / 118,000 Bias: Bullish (waiting for retest confirmation)