Bitcoin (BTCUSD) hit $125700 yesterday, making a new All Time High (ATH), closing the 2nd strongest 1W candle of the year. This is a confirmed detachment from the Former Resistance-turned-Support trend-line, following a double bottom bounce on the Bull Cycle's (Higher Lows) Buy Zone.
As you can see, this structure is similar to the first green zone bounce in August 2023 that eventually rose to its 2.0 Fibonacci extension before turning sideways for a while. Even the December 16 2024 High was on the 2.0 Fibonacci extension, even though the formation that preceded it (March - October 2024), wasn't that much similar to the other two.
Based on that, we can see BTC approaching $160000 (Fib 2.0 ext).
Do you expect the market to hit that level? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
As you can see, this structure is similar to the first green zone bounce in August 2023 that eventually rose to its 2.0 Fibonacci extension before turning sideways for a while. Even the December 16 2024 High was on the 2.0 Fibonacci extension, even though the formation that preceded it (March - October 2024), wasn't that much similar to the other two.
Based on that, we can see BTC approaching $160000 (Fib 2.0 ext).
Do you expect the market to hit that level? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.