Technical analysis by MB2020MB2020 about Symbol BTC: Buy recommendation (10/10/2025)

The price has formed an "S" pattern and has once again declined to around $117,000. Therefore, the horizontal support level of $117,000, which the price has touched multiple times, is considered a significant level. The overall trend appears to be upward, with the price respecting an ascending channel (diagonal lines). The recent drop from the peak suggests a potential correction or profit-taking, with the price currently testing the support level. This indicates a volatile period that may lead to consolidation or a further decline if the support breaks, or a recovery if it holds.