Technical analysis by Mentor_Michael03 about Symbol BTC: Buy recommendation (10/6/2025)

Hey traders and investors 👋 Here’s my latest look at Bitcoin (BTCUSD) — and things are getting really interesting again. 🔍 Market Overview Bitcoin is still holding strong inside a clean bullish channel, confirming that the bear cycle from 2022 is long gone. Since early 2023, we’ve seen a clear structure of higher highs and higher lows, and every previous resistance has now turned into new support — that’s a very healthy sign for the ongoing bull cycle. Right now, BTC is trading around 124 000 USD, facing mid-channel resistance after bouncing perfectly from the 95 000–100 000 zone — exactly where previous highs flipped into solid support. 📊 Technical View Trend: Strong uptrend inside a bullish channel Structure: Higher highs and higher lows fully respected Support zones: 100 000 USD → key structural support 82 000 USD → major backup level if deeper pullback happens Resistance zone: 125 000 – 130 000 USD → if this breaks, the 6th high might form soon 📈 My Outlook As long as BTC keeps holding above 120 000 USD, the bullish momentum stays alive. A clear breakout and daily close above 130 000 USD could trigger the next wave toward: 138 000 USD 150 000 USD, and maybe beyond if momentum continues. If we see rejection or a short-term pullback, I’ll be watching the 100 000 USD area as a potential re-entry zone. That level has acted as a strong support throughout this bull cycle, and I expect buyers to step back in there again if tested. 🧠 Market Sentiment Overall sentiment remains positive — long-term holders are still accumulating, and the structure remains bullish. Every correction so far has been a setup for the next push higher, not a trend reversal. 💬 My Take The bullish structure is still very much intact. As long as previous highs continue turning into new supports, the uptrend remains valid and we could see a fresh 6th High forming soon. If we break above 130 000 with volume, that’s where things could accelerate toward new highs in 2026. ⚡ Title Suggestion (for your post) BTCUSD | Bull Cycle Still Strong – 6th High Formation Ahead 🚀