Technical analysis by isahebdadi about Symbol BTC: Sell recommendation (10/18/2025)

Short-Term View: Bitcoin (BTCUSD) has broken below the lower boundary of its rising channel near $111,000–$112,000, signaling potential short-term weakness. However, the price is still hovering close to this zone, meaning a false breakdown and quick recovery could still happen. If BTC reclaims $114,000, a rebound toward $118,000 → $122,000 becomes likely. A daily close below $104,000 would confirm a deeper bearish move. Long-Term View: As long as Bitcoin stays above the $101,000–$102,000 area (the last major swing low), the broader bullish structure remains intact. A recovery back inside the channel could reignite the uptrend toward $125,000–$128,000. If the breakdown holds and BTC closes multiple days below $101,000, the long-term support could shift lower toward $92,000–$88,000. Summary: Bitcoin is currently testing the bottom of a long-term ascending channel, making this a critical zone for market direction. A recovery above $114K could turn sentiment bullish again, while sustained weakness below $104K opens the door to a larger correction.