Technical analysis by ManiMarkets about Symbol BTC: Buy recommendation (10/20/2025)

BTCUSD: The 110K Frontier: Where Will Bitcoin Head Next? Overview: BTCUSD is currently trading around the pivotal 110,800 level on the 4-hour timeframe. After a significant retracement from its previous highs, Bitcoin has found tentative support and is now attempting to recover within an ascending channel, defined by a rising green trendline. However, the price is simultaneously confronting a significant descending red trendline, which has been acting as a dynamic overhead resistance from the prior downtrend. This confluence of forces sets up a critical juncture for the cryptocurrency. Bullish Scenario: For bullish momentum to gain traction and establish a new upward leg, BTCUSD must achieve a decisive breakout and sustained hold above both the immediate descending red trendline and the 110K Deciding Area. A successful move above this confluence would likely lead to a retest of the 113K to 114K 1st major Resistance zone. Clearing this initial major resistance would then open the path towards the formidable 120K-121K Key Resistance, with the ultimate target being a revisit of the All time High above 124K. Bearish Scenario: Conversely, if BTCUSD fails to overcome the current overhead resistance or if the price loses the critical 110K Deciding Area as established support, we could anticipate renewed downward pressure. Such a move would likely lead to a retest of the ascending green trendline, which currently provides dynamic support, alongside the horizontal 108K Current Support level. A confirmed breakdown below 108K, particularly if it breaches the ascending channel, would indicate strong bearish intent. This would then bring the crucial Key Support 98K to 103K zone into play, which represents a significant demand area where buyers may step in for potential stabilization. Key Takeaways: The convergence of the descending trendline, the 110K Deciding Area, and the ascending channel creates a highly sensitive zone for BTCUSD. Traders should closely monitor price action around these levels for a clear break in either direction, which will likely dictate the market's next significant move. Holding 108K is paramount for maintaining the current recovery structure. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.