Technical analysis by isahebdadi about Symbol BTC: Buy recommendation (11/9/2025)

The daily chart shows that Bitcoin is testing a major long-term ascending trendline that has acted as strong dynamic support since mid-2023. This level has historically triggered large upward moves after each touch, making the current area a crucial point for both short-term traders and long-term investors. Short-Term Outlook (2–6 Weeks) Bitcoin is trading around 104,000–105,000 USD, sitting just above the main trendline and below the 50-day SMA (~112,000 USD). This creates a tactical squeeze zone between resistance and support. If BTC holds the trendline and reclaims 110,000–112,000 USD, momentum could quickly accelerate toward previous highs. However, if it breaks below 100,000 USD, a sharper correction could follow. Bullish Scenario (short-term): Entry: After a confirmed rebound above 108,000 USD Target: 120,000 → 130,000 USD Stop Loss: Below 99,000 USD Bearish Scenario (short-term): If BTC loses the 100,000 USD support and closes below the trendline Target: 88,000 → 80,000 USD Stop Loss: Above 107,000 USD Long-Term Outlook (3–9 Months) The broader trend remains bullish, supported by the upward-sloping trendline and higher highs since 2023. If the trendline continues to hold and Bitcoin clears 120,000 USD resistance, a new macro wave could target the 140,000–150,000 USD range. But a confirmed breakdown below the blue trendline would signal a shift to a medium-term corrective phase. Bullish Scenario (long-term): Target: 140,000 → 150,000 USD Stop Loss: 95,000 USD Bearish Scenario (long-term): Target: 75,000 → 70,000 USD Stop Loss: 110,000 USD Summary Bitcoin is standing at a make-or-break point along its key trendline support. A rebound here could reignite the bull trend toward 130K and higher, while a confirmed breakdown below 100K could trigger a deeper retracement phase.