Technical analysis by ActivTrades about Symbol BTC: Buy recommendation (10/8/2025)

Bitcoin Pulls Back After New Highs: Strong Dollar Cools Crypto Market Rally By Ion Jauregui – Analyst at ActivTrades Bitcoin (BTCUSD) retreated to $121,000 on Wednesday after reaching a new all-time high of $126,186 earlier this week. Profit-taking and the recent strength of the U.S. dollar have temporarily slowed the bullish momentum that has dominated the market in recent weeks. From a macroeconomic perspective, the correction comes amid fiscal uncertainty in the United States, where the government shutdown has entered its second week. This situation has reinforced demand for traditional safe-haven assets such as the U.S. dollar and Treasury bonds, whose yields remain elevated. The U.S. Dollar Index (DXY) climbed to a three-week high, reducing the appeal of cryptocurrencies compared with dollar liquidity. Bitcoin’s recent rally was driven by sustained inflows into Bitcoin ETFs, expanding institutional participation in the asset, and by speculative positioning linked to so-called “devaluation trades”, where investors bet on the depreciation of fiat currencies against scarce assets. However, the dollar’s recovery and caution ahead of the Federal Reserve minutes have temporarily cooled that optimism. BTCUSD Analysis: On the technical front, Bitcoin faces strong resistance near its highs around $126,245, an area showing a clear exhaustion pattern accompanied by lower volume. The immediate support lies at $121,000, followed by $117,997, and the key Point of Control (POC) zone around $108,296, from where the latest bullish leg began. The daily RSI has eased from overbought levels to 61.63%, suggesting a healthy consolidation phase within a structure that remains bullish in the medium term. The MACD continues to indicate upward momentum, and the moving average crossover that began on October 2 appears to be expanding, with the current price well above the 50-day average, which aligns with the $117,970 support area. A break below these levels could open the door to declines toward $117,800–$115,000, while a sustained move above $123,500 may trigger new breakout attempts toward $128,000–$130,000. Crypto Ecosystem Follows the Pullback Across the sector, crypto-related equities mirrored the retreat: MicroStrategy (MSTR) dropped 8.7%, Coinbase (COIN) fell 2.7%, Riot Platforms (RIOT) slipped 0.4%, and Marathon Digital (MARA) lost 1.5%. Among major altcoins, Ethereum declined 4.6%, Solana 4.5%, and Cardano 5%, reflecting a broader risk-off sentiment across digital markets. In summary, Bitcoin is undergoing a technical correction within a volatile macroeconomic environment, where the dollar’s performance and the Federal Reserve’s guidance are likely to dictate the direction of the next major move. ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance and forecasting are not a synonym of a reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk. Political risk is unpredictable. Central bank actions can vary. Platform tools do not guarantee success.