Technical analysis by askocaturk about Symbol BTC: Buy recommendation (10/21/2025)

Hey there, It’s been a while since we’ve been in this choppy environment with mostly sideways price movements. I expect this to continue for a few more weeks. Either now or within a month, I anticipate this sideways phase to come to an end, followed by a breakout above the resistance zone around 120K. For that to happen, we first need to break and hold above 116K for a while. If we manage to break the resistance zone, the price could quickly move toward 150K. A move beyond 150K is also possible, but we’ll need to monitor the market closely when that happens. On the downside, I expect the 98–100K zone to act as strong support and keep the price above this area. If we see 98-100K, I would consider it a buying opportunity. However, if the price breaks below this level and closes there for three consecutive days, it could indicate that the cycle is over — and everyone goes home. We'll also closely watch this if happens. Let’s see how things play out. I’m still optimistic, considering potential positive catalysts such as: - The reopening of the U.S. government - A resolution to the China–U.S. tariff issues - Possible FED rate cuts - The end of QT (and maybe even the start of QE) - The end of the Ukraine–Russia war - Positive crypto-related news (e.g., ETH ETF approval, potential altcoin ETF approvals) So overall, I still believe there are positive narratives that could drive the market higher. These are just my personal opinions and not financial advice. Please do your own research. Cheers!*ETH ETF staking approval