Technical analysis by Zickey_11 about Symbol BTC: Buy recommendation (10/13/2025)

Chart Overview The chart shows Bitcoin trading between a strong support zone near $108,000–$112,000 and a resistance zone around $122,000–$123,000. After a sharp decline (“Falling Down”), BTC rebounded with a clear “Bullish Back” movement before facing resistance again. Key Observations 1. Support Zone (108K–112K USD): BTC has tested this zone multiple times, confirming strong buyer interest. The recent bounce suggests accumulation pressure is building. 2. Resistance Zone (122K–123K USD): Price faced rejection from this level previously. A break and close above this resistance would confirm a bullish continuation pattern. 3. Pattern Formation: A potential rounded bottom / cup shape appears to be forming, indicating bullish reversal potential. The “eye” and “arrow” symbol in the chart highlight market observation before a possible breakout attempt. 4. Short-Term Outlook: Expect sideways consolidation between 112K–118K USD before a possible bullish leg higher. The next target levels on breakout: 120K, then 122.5K. Support retest below 112K could delay recovery. Bullish Scenario Price holds above 115K and pushes past 118K, signaling momentum for a breakout. Confirmation above 122.5K could open room toward 125K–128K.