Technical analysis by Elimzo about Symbol BTC: Buy recommendation (11/10/2025)

We can see how bearish trend is ending on BTC, the price bounced from the support range level a few times, bulls managed to protect this level. We've already seen how BTC is going through a change of hands, one of top Wall Street analysts said that BTC is in IPO mode, which made me think over it a little and I kind of agree with him, it makes sense. Old hodlers are selling BTC, we can see how whales are transferring the BTC amount of millions and billions of dollars to cryptoexchanges, while new big players like BlackRock, Fidelity and others are accumulating these BTC, swallowing big volumes of sales. Here we can see descending triangle on the chart and now everything depends on how BTC is going to break out this resistance level, key level is $109k where was bought and sold most BTC according to VRVP indicator, there is enough liquidity, as soon as price break out this triangle, we can see massive growth in the crypto market and BTC may reach at least $130k target.Minimum target $118k