Resumed BTCUSD growth and bullish Stochastic signal suggest buying with $115,000 target

The BTCUSD pair is in a technical recovery following the correction, completed on August 30. The price is now trading upward, bouncing off a local low of $107,251—reached after Bitcoin’s fall from its peak around $124,470. An ascending channel is forming on the daily timeframe.

The Stochastic Oscillator (5, 3, 3, Simple) with %K = 27 and %D = 26 sits at the bottom of the neutral zone, having exited overbought territory, where it was at the beginning of the week. This suggests that bearish momentum has finally exhausted itself, and the market is ready for a trend reversal. Additionally, the %K and %D are forming a classic bullish signal that underpins the growth scenario. Previously, there was a divergence between the Stochastic and the price when the former plummeted while the latter surged in late August. At present, these indicators are moving in the same direction.

Meanwhile, the On-Balance Volume (OBV) is rather weak. The indicator’s line is near its lows, meaning that the current rise in price is not accompanied by an increase in trading volumes. This may point to sluggish buying activity or that the uptrend is bolstered by limited interest from major players. However, the very fact that the OBV is stabilizing rather than declining is a positive signal, suggesting the market is moving toward balance.

In general, all the indicators point to the upside, with the BTCUSD bearish phase coming to an end. The bullish Stochastic signal and the stabilization of the OBV show growing buyer dominance. The divergence between the OBV and the price might hint at a more gradual rise.

The following trading strategy could be suggested:

Buy BTCUSD at the current price ($110,400). Take profit: $115,000. Stop loss: $107,000, which is just below the low of September 1.

The forecast could be referred to from September 2 to September 9, 2025.