BTC Technical Analysis Report 13 October, 2025
Given the strength of the nearby support zone, clear bullish divergence on the daily Stochastic indicator and the strongly bullish sentiment viewn across the crypto markets lately, BTC cryptocurrency can be expected to rise to the next resistance level 120000.00.
- BTC reversed from support area
- Likely to rise to resistance level 120000.00.
BTC cryptocurrency recently strongly from the support area set between the strong support level 108000.00 (which has been reversing the price from August) and the lower daily Bollinger Band. The upward reversal from this resistance support formed the daily Japanese candlesticks reversal pattern Bullish Engulfing, which stopped the earlier short-term impulse wave i – which belongs to the minor impulse wave C of the intermediate ABC correction (B) from June.
Given the strength of the nearby support zone, clear bullish divergence on the daily Stochastic indicator and the strongly bullish sentiment viewn across the crypto markets lately, BTC cryptocurrency can be expected to rise to the next resistance level 120000.00.
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