📊 Bitcoin (BTCUSDT) Technical Analysis – August 11, 2025
🔹 After breaking the downtrend line, Bitcoin rallied to the key resistance zone at $122,000 before starting a pullback.
📉 Bearish Scenario:
First support: $118,273 (confluence with the broken trendline)
Second support: $117,000
📈 Bullish Scenario:
If BTC bounces from these supports, the first target is $122,000
A strong breakout above this level opens the way to the next target at $129,000
⚠️ Note: Always wait for strong candlestick confirmation before entering any position.
#BitcoinAnalysis #BTCUSDT #Crypto #Bitcoin #TechnicalAnalysis #Cryptocurrency #Trading #PriceAction #CryptoTrading #BTC
🔹 After breaking the downtrend line, Bitcoin rallied to the key resistance zone at $122,000 before starting a pullback.
📉 Bearish Scenario:
First support: $118,273 (confluence with the broken trendline)
Second support: $117,000
📈 Bullish Scenario:
If BTC bounces from these supports, the first target is $122,000
A strong breakout above this level opens the way to the next target at $129,000
⚠️ Note: Always wait for strong candlestick confirmation before entering any position.
#BitcoinAnalysis #BTCUSDT #Crypto #Bitcoin #TechnicalAnalysis #Cryptocurrency #Trading #PriceAction #CryptoTrading #BTC
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.