Technical analysis by franado about Symbol BTC on 10/31/2025

Bitcoin is still holding within the current ascending channel, showing sideways consolidation near the upper range. The MACD is beginning to turn, signalling potential momentum loss after a strong rally. From the 2020 swing low to the 2021 swing high, price has reached and rejected the 1.618 Fib extension, suggesting a temporary top may be forming. If the lower boundary of the channel breaks, BTC could repeat the pattern seen in the 2021 cycle — a deeper corrective phase before forming the next major leg higher. As long as it stays inside the channel, the broader trend remains bullish.