Technical analysis by GKTrademanthan about Symbol BTC: Buy recommendation (10/17/2025)

🔍 Analysis Summary: Current Price: ~$106,927 Pattern: Contracting triangle (ABCDE), nearing completion of wave (e). Buying Zone: Around $104,000, marked as a potential entry area. ✅ Trading Plan: Wave (e) could mark the end of the triangle, implying an impulsive breakout upward. Target for the breakout: $134,831 (approx. +29% move from the current region) Further Target (long-term): Potential move toward $146,000+, labeled as wave G??? (still speculative). 🧠 Insights: Price action has followed a well-defined corrective structure (labeled A-G and a-e). The chart shows multiple confluences of support near the buying zone (purple curve and horizontal level). This setup suggests a low-risk, high-reward opportunity if price reverses near wave (e).