Technical analysis by SquishTrade about Symbol BTC: Buy recommendation (12/8/2025)

BTCUSD has been in correction mode for the past two months since its new ATH on October 6, 2025. It fell through various technical supports, including shorter term simple and exponential moving averages. The move has been quick / unforgiving. But it appears to be finding support right where it should when zooming out on the weekly timeframe. On the Ichimoku charting system (an equilibrium-based system developed in Japan), cloud support is particularly important especially on higher timeframes like weekly and monthly charts. Further, a wide green-colored upward-sloping cloud indicates bullish trend and stronger support. Of course, the Kijun line is overhead on the weekly. That must be overcome in the next few weeks for further upside. The monthly chart with Bollinger Bands applied at standard settings reveals that BTC has simply retraced to the mean (20-month SMA) during this volatile period of consolidation and correction. This supports the case for consolidation and mean reversion w/in a bull market for BTC. Here is a snapshot: Always do your own research and manage your risk appropriately for your position size! And enjoy your holiday season. Merry Christmas and Happy New Year to all!FOMC presser sparked a somewhat bullish reaction in risk assets with major equity indices modestly higher and major cryptos trading a bit higher in percentage terms than equity indices. The Fed cut rates as expected by 25 bps. But the forward guidance is what moves markets. The dot plot tilted somewhat hawkish, showing only 1 cut in 2026. What appears to have sparked bullish reaction was the indication of Fed Treasury purchases for "a few months" (as needed), which in some sense cancelled the effects of hawkish dot plot (predicting fewer cuts in 2026 than expected).