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

Bitcoin is a decentralized digital currency and the first cryptocurrency, created in 2009 by an anonymous entity known as Satoshi Nakamoto. It operates on a peer-to-peer network using blockchain technology, which is a public ledger that records all transactions securely and transparently without the need for a central authority. Key Features of Bitcoin Decentralization: No central bank or government controls Bitcoin, making it resistant to censorship and centralized manipulation. Limited Supply: Total supply is capped at 21 million bitcoins, which introduces scarcity and potential value appreciation over time. Pseudonymity: Transactions are publicly recorded but can be conducted without revealing personal identities directly. Security: Uses cryptographic proof and consensus mechanisms (Proof of Work) to secure transactions and prevent double-spending. Divisibility: One bitcoin can be divided into 100 million smaller units called satoshis for microtransactions. Use Cases Store of Value: Often referred to as "digital gold," Bitcoin serves as a hedge against inflation and currency devaluation for many investors. Medium of Exchange: Used for peer-to-peer payments, remittances, and merchants accepting it for goods and services. Investment: Trading and holding Bitcoin as an asset for speculative gains or portfolio diversification. Financial Inclusion: Provides access to financial services for the unbanked and underbanked populations. Market Overview 2025 Bitcoin continues to hold the largest market capitalization among cryptocurrencies. It experiences significant price volatility but has shown resilience through macroeconomic uncertainties. Regulatory frameworks around Bitcoin vary globally, impacting adoption and market dynamics. Increased institutional adoption, development of Bitcoin ETFs, and integration with traditional finance continue shaping its ecosystem. TECHNICAL INFORMATION AND TRADING BIAS. (1) on daily time frame the structure has formed a double bottom a bullish price action ,if you look critically from Friday 17th October 2025 to Thursday 23rd 2025 we have a clear double bottom on daily and if the chart pattern break out of 110k-111k on daily ,it would have broken the neckline and also breakout of the 4hr descending trendline ,if we have this as a new case scenario then we will be looking for buy confirmation by the close of the weekly candle. (2) if we get a weekly rejection below 110-111k then the double bottom neckline failed and we wont be considering that chart pattern as a bullish price action .the nest thing to do is to allow our daily support to be broken the look for sell opportunity key watch list 103,408k key watch list will be 94,022-93500k key watch list will be 56k-55k on the descending trendline connecting and providing liquidity in the past.