Technical analysis by Kriptovole about Symbol BTC on 10/24/2025

An ABCDE formation similar to a symmetrical triangle structure is formed on the 1-hour chart of Bitcoin. Currently, the chart appears to be in the process of completing wave D. If this structure is technically verified, With the upward movement of the E wave, a rise up to the 116.200 region can be expected. This zone (point E) coincides with the upper band of the formation and can also be a possible reaction sell zone. Therefore, the risk of a sharp pullback (breakdown) after the completion of the triangle after this level should not be ignored. 📍 Critical levels: •Support: 106,150 •Resistance: 116.200 •Formation type: ABCDE correction (Elliott triangle) •Time frame: 1 Hour