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

KrisadaYoonaisil
فرصت طلایی خرید بیت کوین در اکتبر: آیا زمان خرید هیجانی فرا رسیده است؟

Chance to buy Uptober at a discount 1. Technically, the price formed a potential broadening triangle, a bullish continuation pattern. After retesting the lower boundary of the pattern, it was quickly rejected, suggesting strong demand. Simultaneously, the price formed a pin bar with a long lower shadow, marking intraday support. 2. If BTCUSD closes above the last swing high around 111700, it may rise toward the resistance around 115000. 3. However, falling below the last swing high and the downward channel breakout may signal a longer-term trend change to the downtrend. 4. Fundamentally, bitcoin, as a digital safe-haven asset, offers an alternative for risk management and a store of wealth in place of gold during periods when the gold and precious metal market faces heavy profit-taking and heightened volatility after a long speculative run. 5. After the historical leverage account wipeout, current Bitcoin holders are real long-term investors, making the price rise with stable and consistent. So, now is the time for “contrarian buying the dip while the public fear.” 6. Bitcoin ended September around 114,000. If the “Uptober” narrative still valid, the current price looks like a bargaining. For those who trust the statistics, this is an opportunity. Analysis by: Krisada Yoonaisil, Financial Markets Strategist at Exness