2025-10-05 05:45:34

$BTC (1D) – Technical analysis

1️⃣ Trend: Bitcoin is moving within an ascending wedge (yellow lines). The price has confidently broken through the Ichimoku cloud and is trading above all key MAs (7, 25, 99), which confirms the bullish momentum.
2️⃣ Resistances:
125,747 – a local level where the price is already testing the upper channel.
126,800 – the nearest target upon breaking upwards.
3️⃣ Supports:
120,260 – a strong level coinciding with the lower zones of consolidation.
118,500 – support in the Ichimoku cloud area and the lower boundary of the nearest range.
4️⃣ Indicators:
Bollinger Bands – price at the upper boundary → overbought.
Parabolic SAR – confirms the bullish trend.
Ichimoku – bullish signal: price above the cloud, Chikou line above the price.
⚠️ Risks:
The price is already in the overbought zone → a pullback to 120–118k is possible.
The pattern "ascending wedge" statistically often ends with a breakout downwards.
📌 Conclusion: The current dynamics remain bullish with the potential for growth to 126–128k, but the market is overheated and a pullback to 120–118k is likely for liquidity accumulation.$BTC BTC

BTC1.44%

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