Technical analysis by Jesbryan about Symbol BTC on 10/8/2025

Bitcoin has broken below the support area and is currently testing the support range of $120,000 to $121,000. A drop below $120,000 would be bearish and could lead to further declines. A test of the $125,000 level is anticipated in the coming days.Bitcoin has retested the resistance area and faced rejection. We may see another test of this resistance area, so let's observe how it reacts. A break above $125,000 could lead us to a new all-time high.Bitcoin has dropped below $120,000 to liquidate highly leveraged positions. Let's see how the price reacts now. A close below $120,000 is bearish and could lead to further downward movement. The key resistance remains at the $125,000 level.