Technical analysis by DollarsMagnet about Symbol BTC: Buy recommendation (10/28/2025)

🚀 Bitcoin Technical Outlook (2H Chart – October 28, 2025): BTCUSD has successfully broken out of its long-term bearish trend channel, showing strong bullish momentum and reclaiming key structure levels above the 200 EMA. After a clean retest of the breakout zone, the market is preparing for a potential continuation toward higher resistance targets. 📊 Key Technical Highlights 🔹 Pattern Structure: Breakout from Bearish Trend Channel followed by retest confirmation 🔹 BOS & ChoCH: Multiple Breaks of Structure and Change of Character confirm momentum reversal from bearish to bullish 🔹 Support Zone: Bullish Order Block (OB) near $113,500 – $114,000 holding well 🔹 Resistance/Supply Zone: $115,800 – $116,500 near 200 EMA tested — next move likely to challenge upper resistance zones 🔹 Momentum: Bullish momentum building, confirmed by MACD histogram shift to positive 🎯 Bullish Scenario If Bitcoin continues to hold above $114,000, buyers could target the following resistance levels: Target 1: $119,795 (first major resistance) Target 2: $123,636 (key supply zone) Target 3: $125,652 (major target / resistance zone from previous highs) A clear close above $116,500 will strengthen bullish momentum and validate the upside continuation setup. ⚠️ Bearish Scenario If BTC fails to sustain above the Bullish Order Block ($113,500), a pullback toward $112,200 – $111,500 could occur before another attempt higher. Losing $111,500 would invalidate the bullish structure short-term. 🧭 Technical Summary Bitcoin has transitioned from a bearish structure into a bullish reversal phase, confirmed by a breakout retest and BOS signals. The market bias remains bullish while trading above $114K, with upside potential toward the $120K–$125K range in the coming sessions. 💬 If you enjoyed this analysis — Like, Comment & Follow for more premium insights, technical breakdowns, and weekly forecasts! Stay patient, trade with confirmation, and always manage your risk. #Bitcoin #BTCUSD #CryptoAnalysis #TechnicalAnalysis #PriceAction #Breakout #OrderBlock #BullishReversal #TradingView #CryptoSignalsTRADE UPDATE: BTC/USD – Trade Activated ✅ 🚀 BTC/USD Buy Trade Activated around $114,000 zone after confirming bullish structure and breakout retest.