Technical analysis by c_views about Symbol BTC: Buy recommendation (10/16/2025)

BTC forms a global bull flag inside a local bear flag, signaling a possible short-term decline before a major upward rebound and fifth Elliott wave BTC has formed a local bear flag, which I wrote about earlier, and if it is broken, the price will go down. However, a more global pattern has recently begun to form within which the movement is taking place: a bull flag For this to form, we must approach or touch its lower boundary, possibly with a false breakout, in order to rebound and move higher If we reach the intended fall levels, we will form an accumulation zone at the lower boundary of the bull flag, from which we can then move higher. According to the previous analysis, this movement will be the 5th Elliott wave, after which we will move lower Current price: $111,134 The probable rebound and accumulation zone is between $95,100 and $107,900 Important: Only after reaching the expected levels is an upward movement possible according to the pattern: these are the nearest zones of $109,500 and $110,800 , if this occurs. The pattern will be worked out, until the movement continues above these boundaries, possibly to $114,100 and higher... An expected downward breakout within the pattern is possible to $92,700