Technical analysis by MMBTtrader about Symbol BTC: Buy recommendation (10/31/2025)

As the chart illustrates, Bitcoin continues to consolidate within a well-defined range, bounded by the key support at $100,000 and the significant resistance at $117,000. Periods of such compression are typically followed by a decisive directional move, which establishes a new trend path. Our analysis favors a resolution to the upside. A confirmed breakout, characterized by a decisive daily close above the $117,000 resistance level, would be a strong technical signal. This would invalidate the current range-bound structure and likely reactivate the primary bullish trend. Such a breakout would open a clear path for price discovery toward new all-time highs. The initial projected technical target following a successful breach is the $140,000 zone, which represents the next major psychological and technical objective. DISCLAIMER: ((trade based on your own decision)) <Bitcoin is demonstrating significant strength in its technical structure, positioning itself for a substantial upward move. Our analysis projects a price objective of at least $140,000 for this anticipated cycle.