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

🔹 General Context On the chart, we see that Bitcoin: Has broken the local downtrend line (yellow line), suggesting an attempt to change the short-term trend. It is currently consolidating just above the 50/200 EMA, which is a positive sign for bulls. We also see a MACD crossover in the positive zone and an RSI rising, but not yet overloaded (around 52–60). 🔸 Key Technical Levels Support: 122.460 USDT – strong local support, aligned with previous lows and the 200 EMA. 121.900 USDT – next support, also marked by the blue 200 EMA. 120.600 USDT – deeper support, recent significant low. Resistance: 123,700 – 123,900 USDT – resistance zone where the price is currently stalling (there was a reaction after the trendline breakout). 124,700 USDT – next resistance level (local high). 125,700 USDT – strong resistance resulting from previous swing highs. 🔸 Technical Indicators 📈 EMA 50/200 (golden cross on 1 hour): The 50 EMA is breaking below the 200 EMA – a classic bullish signal (Golden Cross). Confirmation requires the price to stay above 122,800 USDT for several H1 candles. 📊 MACD: The histogram has turned positive, the MACD line is breaking above the signal line – momentum is increasing. There is no strong negative divergence yet, so the signal is clear. 💪 RSI: Value ~52–60 – moderately bullish. It is not overbought yet, so there is potential for further upward movement. 🔹 Scenarios ✅ Bullish Scenario: Sustainability above 122,800 USDT. A breakout and retest of the 123,700–123,900 USDT resistance could open the way to 124,700 USDT and then 125,700 USDT. The MACD and RSI support this scenario. ❌ Bearish Scenario: A reversal from the current level and a decline below 122,400 USDT. A retest of 121,900 USDT and a possible deepening correction to 120,600 USDT is possible.