Technical analysis by The_Alchemist_Trader_ about Symbol BTC: Buy recommendation (10/9/2025)

Bitcoin continues to trade between two key levels at $123,348 and $121,307, with a breakout or breakdown likely to dictate the next major move. Price action remains tightly range-bound between these zones after multiple rejections and retests. A reclaim of $123,348 would signal continuation toward new highs, while a drop below $121,307 could invite a deeper corrective phase. The $119,000 level serves as a crucial support where liquidity is building, aligning with prior demand zones. Structurally, Bitcoin’s broader trend remains bullish, and the ongoing pullback appears corrective rather than a reversal. As long as price holds above the $119,000 region, buyers maintain control of the trend. What to Expect: Sustained strength above the $121,000 level would support an eventual push toward new highs, while losing it could extend the correction before another bullish rotation forms.