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Pending
BTCUSDT
Entry 117,707.0000 2025-08-17 20:34 UTC
Target 125,000.0000
Fail 109,000.0000
Risk / Reward 1 : 1
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BTCUSDT
Pending
Cryptocurrency
Technical
1H
Analysis Predict Bull Market
Body
The analysis discusses four important price levels for Bitcoin: $109,000, $109,000 to $115,000, $115,000 to $125,000, and above $125,000. A support line dating back to 2017 places Bitcoin on an upward trajectory and divides price action well. Key RSI levels across weekly, two-week, and daily charts are mentioned. Bitcoin seems to be rounding up for a move. According to the 4 year cycle theory there might be time for one or two major moves. Poll predicts a bullish move with many votes predicting it will be above $125000. Active bearish breakdown will happen if Bitcoin is below $109,000. The final target given is around $130,000 which is still below what the power law model is estimating. As long as Bitcoin remains above $115000 they are expecting attacking the resistance.
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