Technical analysis by CryptoSanders9563 about Symbol BTC: Buy recommendation (10/6/2025)

Bitcoin has successfully broken out of the descending trendline that had been holding the price down for several weeks. This breakout confirms a shift in market structure from bearish to bullish. After finding strong support around the $110,000-$112,000 area, BTC bounced sharply and reclaimed both the 21-day and 100-day moving averages – a powerful bullish signal. As long as the price remains above $115,000 to $116,000, we can expect continued upward momentum. The current move shows healthy strength with volume support, indicating strong buyer interest. If momentum persists, the next potential target is around the $125,000-$128,000 area, where some profit-taking could occur. Support: $115,000 – $116,000 (previous resistance turned support) Resistance: $125,000 – $128,000 (short-term target area) Currently, the upside remains in bullish favor. If the market structure remains stable, any decline towards $116,000-$118,000 could provide a potential buying opportunity. Remember: Avoid blindly chasing breakouts. Allow the price to retest or consolidate before entering — patience pays off in trend trades.