Technical analysis by IvyMorgan about Symbol BTC: Buy recommendation (10/24/2025)

Bitcoin is showing signs of stabilization after a strong sell-off last week. The current price near $110,500 reflects a gradual move by bulls towards control, while continuing to cautiously attract liquidity. On the H4 chart, the market is turning into a consolidation phase following the temporary bottom at $108,000. This area strongly supports the price, absorbing heavy selling and maintaining buying defenses. The nearest resistance is between $111,800 and $112,500, where FVG areas intersect with the edge of the Ichimoku cloud, forming an important test of the strength of the rally. Crossing this area could open the way towards $114,200–116,000 levels. The recent declines are clearly absorbed, indicating smart money accumulation. Current market factors such as lower US bond yields, improved risk sentiment, and continued inflows into Bitcoin funds all support a continued recovery. Any clear break below $108,000 with heavy trading volume could reverse the trend, while the most likely scenario remains a consolidation of the price in preparation for a rise towards $112,500.