BTC Technical Analysis Report 20 October, 2025
BTC cryptocurrency can be expected to rise to the next resistance level 115000.00 (which stopped the earlier wave b).
- BTC reversed from support area
- Likely to rise to resistance level 115000.00
BTC cryptocurrency today reversed up with the daily Japanese candlesticks reversal pattern Hammer Engulfing from the support area set between the two powerful support levels – 105250.00 (which has been reversing the price from June, as can be viewn from the daily BTC chart below), 108320.00 (previous monthly low from August and September), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp upward impulse from April. The upward reversal from this support zone stopped the earlier minor impulse wave c from the begin of October – creating the daily Morning Star (strong purchase signal for BTC).
Given the strong daily uptrend and the predominantly bullish sentiment viewn across the cryptocurrency markets today, BTC cryptocurrency can be expected to rise to the next resistance level 115000.00 (which stopped the earlier wave b).
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