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

Bitcoin (BTCUSD) is currently trading around the 123,800 level, showing firm upward momentum. The market structure remains bullish, with expectations of a move toward the 128,000 zone, supported by rising safe-haven demand amid U.S. government shutdown concerns and escalating geopolitical uncertainty. 📌 Trade Plan: Entry: 123,800 Resistance: 126,000 (short-term) Target 1 : 126,000 Target 2 : 128000 Support: 122,000 Bias: Bullish while above 122,000 📊 Technical Analysis: Trend Structure: Bitcoin continues to form higher highs and higher lows on the 4H and daily charts, reinforcing the prevailing bullish trend. Support Zone: The 122,000 region acts as solid near-term support, where buyers are likely to defend the current uptrend. Resistance Zone: The 126,000 level represents the next hurdle; a decisive breakout above this zone would likely drive price toward 128,000 and possibly 130,000. Momentum Indicators: RSI remains steady above 60, signaling strong bullish momentum. MACD continues to show positive divergence, reflecting consistent buyer dominance. Moving Averages: Price is trading well above the 20-EMA and 50-EMA, confirming sustained upside bias and trend strength. 🌍 Fundamental Analysis: Safe-Haven Demand Rising: The U.S. government shutdown and intensifying geopolitical tensions have led investors to seek alternative safe-haven assets. While gold traditionally benefits from such scenarios, Bitcoin has increasingly been viewed as a digital safe haven, drawing capital flows amid uncertainty. Macro Environment: The weakening U.S. Dollar Index (DXY) and softer Treasury yields are further fueling demand for Bitcoin, as investors hedge against macro and political instability. Investor Sentiment: Market psychology currently favors risk hedging rather than aggressive speculation, and Bitcoin’s perceived resilience is attracting both institutional and retail attention. Adoption Narrative: With growing global acceptance and institutional inflows, Bitcoin continues to strengthen its status as a legitimate store of value during periods of fiscal or geopolitical stress. Fed Outlook: Expectations that the Federal Reserve may take a more cautious policy stance due to the shutdown’s potential economic drag also underpin bullish sentiment across crypto markets. 🔎 Bias: BTCUSD remains bullish above 122,000, with targets at 126,000 and 128,000. A breakout above 126,000 would likely trigger further upside momentum, while a close below 122,000 would weaken the bullish outlook in the short term.