Technical analysis by alirezak about Symbol BTC: Buy recommendation (11/23/2025)

Dear Traders, Bitcoin on the daily chart has recently broken down from a long consolidation range between $90,000 and $106,000, entering a mid-term correction. Price is now approaching a major technical support area where horizontal demand, long-term trendline support, and a historical accumulation zone overlap. This level acts as a critical decision point for the coming months. Technical Analysis 1. Corrective Structure BTC is pulling back toward the strong support zone at $76,000–$82,000, which has historically produced strong bullish reactions. 2. Major Trendline Support Price is heading directly into the primary ascending trendline drawn from last year’s key lows. This confluence significantly increases the probability of a bullish reversal. 3. Bullish Scenario (Primary Outlook) If bullish reversal candles form within 76–82k, BTC could launch a new rally. Key targets: First resistance: $95,000 Higher targets: $106,000 – $113,000 4. Bearish Scenario If price breaks below both the horizontal support and the trendline, a drop toward $67,000–$70,000 becomes likely. This scenario is weaker but cannot be ignored. Fundamental Analysis 1. Post-Halving Supply Reduction The 2024 halving reduced new BTC issuance, historically leading to higher mid-term prices. Recent data confirms a decline in sell-side pressure—supportive for long-term growth. 2. Institutional Inflows & Bitcoin ETFs Bitcoin ETFs continue to attract fresh capital throughout 2025. Institutional adoption remains one of the strongest long-term bullish catalysts. 3. Global Macro Conditions Bitcoin is heavily influenced by: Interest rate policy Inflation trends U.S. Treasury yields Any shift toward monetary easing could push more liquidity into BTC. 4. Long-Term Holder Behavior On-chain metrics show continuous accumulation by LTHs. This decreases circulating supply and builds the foundation for large future rallies. 5. Regulatory Risks New regulations or political pressure can introduce temporary volatility. Still, the global regulatory trajectory appears increasingly favorable toward digital assets. Conclusion Bitcoin is currently sitting at a pivotal zone where technical and fundamental forces meet. The confluence of: Major support Trendline structure Halving-driven supply reduction Growing institutional demand creates a strong bullish bias — unless the 76–82k range breaks decisively. A reversal from this level could mark the beginning of a major upward cycle.